The $MAGIC 4-hour MACD formed a bearish crossover above the zero line, with opposite-direction histogram bars persisting for 7 bars before the crossover.
Let’s use this number to unpack MACD.
MACD values are related to a coin’s price, so directly comparing values across different coins is meaningless. What matters is the direction and its relationship to the zero line.
MACD is better suited to confirming momentum in a trending market than to pinpointing exact highs and lows.
Leave plenty of room when using leverage, and don’t let one sudden move wipe out your position.
#MAGIC
Let’s use this number to unpack MACD.
MACD values are related to a coin’s price, so directly comparing values across different coins is meaningless. What matters is the direction and its relationship to the zero line.
MACD is better suited to confirming momentum in a trending market than to pinpointing exact highs and lows.
Leave plenty of room when using leverage, and don’t let one sudden move wipe out your position.
#MAGIC