$ZEC The daily chart has just produced a bearish MACD crossover below the zero line. Before the crossover, the bullish momentum histogram bars lasted for 12 daily candles.
It’s easy to be misled by the crossover alone, so I’ll check three things one by one:
① Do the bars continue to grow after turning negative?
② Is volume confirming the move?
③ Has the price broken below the previous low?
A crossover on the daily chart carries more weight, but it also takes more patience to confirm. Share your predictions in the comments, and we’ll review them in a few days.
Crypto markets are volatile, so don’t use too much leverage.
It’s easy to be misled by the crossover alone, so I’ll check three things one by one:
① Do the bars continue to grow after turning negative?
② Is volume confirming the move?
③ Has the price broken below the previous low?
A crossover on the daily chart carries more weight, but it also takes more patience to confirm. Share your predictions in the comments, and we’ll review them in a few days.
Crypto markets are volatile, so don’t use too much leverage.