$XRP 4 The 4-hour chart shows a MACD golden cross below the zero line.
When looking at MACD crossovers, their position matters more than the crossover itself. A golden cross below the zero line means bearish momentum is fading during a decline. Essentially, it signals a rebound, and is less reliable than a golden cross above the zero line. Only when DIF moves back above the zero line can the trend be considered to have strengthened.
Indicators describe the past; prices move toward the future. Don’t treat them as predictions.
When looking at MACD crossovers, their position matters more than the crossover itself. A golden cross below the zero line means bearish momentum is fading during a decline. Essentially, it signals a rebound, and is less reliable than a golden cross above the zero line. Only when DIF moves back above the zero line can the trend be considered to have strengthened.
Indicators describe the past; prices move toward the future. Don’t treat them as predictions.