$NEAR 4 A MACD golden cross (below the zero line) has just appeared on the hourly timeframe. Before the crossover, bearish momentum persisted for 10 four-hour candles.
It’s easy to misread the signal if you focus on the crossover alone. Check these three things:
① After the histogram turns positive, does each bar get longer than the last?
② Is volume confirming the move?
③ Can the price break above the previous resistance level?
The four-hour timeframe moves quickly, so be sure to consider the daily trend as well. Cast your vote in the comments: bullish or bearish?
#NEAR
This is not investment advice. You are responsible for any gains or losses.
It’s easy to misread the signal if you focus on the crossover alone. Check these three things:
① After the histogram turns positive, does each bar get longer than the last?
② Is volume confirming the move?
③ Can the price break above the previous resistance level?
The four-hour timeframe moves quickly, so be sure to consider the daily trend as well. Cast your vote in the comments: bullish or bearish?
#NEAR
This is not investment advice. You are responsible for any gains or losses.