$ON 4On the hourly chart, MACD has formed a death cross above the zero line.
When assessing an MACD crossover, its position matters more than the crossover itself. A death cross above the zero line indicates that upward momentum is weakening and a consolidation phase may be beginning. However, the bullish structure may not necessarily be over; the key is whether DIF falls back below the zero line.
Don't make decisions based on just one indicator—also consider volume and market structure.
When assessing an MACD crossover, its position matters more than the crossover itself. A death cross above the zero line indicates that upward momentum is weakening and a consolidation phase may be beginning. However, the bullish structure may not necessarily be over; the key is whether DIF falls back below the zero line.
Don't make decisions based on just one indicator—also consider volume and market structure.
