Let’s discuss the MACD death cross on the daily chart for $QNT . First, let’s be clear about its two drawbacks:
First, lag. MACD is derived from moving averages, so by the time a death cross appears, the price has often already fallen some way from its peak (24h: -5.38%).
Second, it’s unreliable in choppy markets. In sideways markets, golden and death crosses can appear back and forth, creating a lot of noise.
Before this crossover, the opposing histogram bars persisted for 18 daily candles, indicating a trend of some length. That makes it somewhat more informative than a crossover in a choppy market. Also, since it’s above the zero line, treat it as a pullback for now—not necessarily a reversal.
#QNT
For reference only. Trade at your own risk.
First, lag. MACD is derived from moving averages, so by the time a death cross appears, the price has often already fallen some way from its peak (24h: -5.38%).
Second, it’s unreliable in choppy markets. In sideways markets, golden and death crosses can appear back and forth, creating a lot of noise.
Before this crossover, the opposing histogram bars persisted for 18 daily candles, indicating a trend of some length. That makes it somewhat more informative than a crossover in a choppy market. Also, since it’s above the zero line, treat it as a pullback for now—not necessarily a reversal.
#QNT
For reference only. Trade at your own risk.