$ZEC 4 The hourly chart shows a MACD golden cross below the zero line.
When analyzing MACD crosses, where the cross occurs matters more than whether it’s a golden cross or a death cross. A golden cross below the zero line means bearish momentum is weakening during a downtrend. It is essentially a rebound signal, and is less conclusive than a golden cross above the zero line. The trend cannot be considered stronger until the DIF moves back above the zero line.
The few candlesticks after the signal appears are more convincing than the signal itself.
#ZEC
Cryptocurrency trading involves risks. Trade with caution.
When analyzing MACD crosses, where the cross occurs matters more than whether it’s a golden cross or a death cross. A golden cross below the zero line means bearish momentum is weakening during a downtrend. It is essentially a rebound signal, and is less conclusive than a golden cross above the zero line. The trend cannot be considered stronger until the DIF moves back above the zero line.
The few candlesticks after the signal appears are more convincing than the signal itself.
#ZEC
Cryptocurrency trading involves risks. Trade with caution.