Unconventional 21-day and 200-day EMA cross of $SHIB pose a curious signal to crypto traders
The signal in question revolves around the Exponential Moving Average . Commonly utilized to smooth out price data and generate potential market entry and exit points, EMAs are a staple in the toolkit of manyThe recent movement that is causing a stir among Shiba Inu followers is the sudden leap of the 21-day EMA over its 200-day counterpart.
This dynamic is not one of the frequently discussed patterns like the celebrated"Golden Cross" or its gloomier sibling, the"Death Cross," but it certainly carries implications worth dissecting.At its core, when a short-term EMA such as the 21-day surges over a long-term one like the 200-day, it is indicative of a potential uptrend in the short run.
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