$QNT Daily chart level has just broken out of a MACD dead cross (above the zero line). Before the crossover, the bullish momentum histogram bars ran for 18 daily K-lines.
Just looking at the crossover can easily lead to misjudgment. It’s recommended to verify three points in order:
① After the bars turn negative, are the bars getting longer one after another;
② Has volume/energy picked up;
③ Has the price broken below the most recent support level.
Crossovers on the daily chart carry more weight, but confirmation is also slower. Where are your key levels in your mind?
The content is for reference only—buying and selling is up to you.
Just looking at the crossover can easily lead to misjudgment. It’s recommended to verify three points in order:
① After the bars turn negative, are the bars getting longer one after another;
② Has volume/energy picked up;
③ Has the price broken below the most recent support level.
Crossovers on the daily chart carry more weight, but confirmation is also slower. Where are your key levels in your mind?
The content is for reference only—buying and selling is up to you.