$RLC 4The hourly chart shows a MACD death cross above the zero line.
When looking at MACD crossovers, where the crossover occurs matters more than whether it’s a golden cross or death cross. A death cross above the zero line indicates weakening upward momentum and could signal a consolidation phase. However, the bullish structure may not necessarily be broken; it depends on whether the DIF falls back below the zero line.
A single indicator can be misleading, so it’s more reliable to consider volume and market structure together.
#RLC
This is a personal perspective and may not be accurate. Please use caution when considering it.
When looking at MACD crossovers, where the crossover occurs matters more than whether it’s a golden cross or death cross. A death cross above the zero line indicates weakening upward momentum and could signal a consolidation phase. However, the bullish structure may not necessarily be broken; it depends on whether the DIF falls back below the zero line.
A single indicator can be misleading, so it’s more reliable to consider volume and market structure together.
#RLC
This is a personal perspective and may not be accurate. Please use caution when considering it.