I took a second look at this one.
$ZRO ’s daily chart has formed a MACD death cross (above the zero line); it’s currently at 2.068.
A death cross is when the fast line, DIF, crosses below the slow line, DEA. MACD is calculated from moving averages, so it naturally lags. I use it as an alarm, but when it comes to making a move, I still look at the price. I compare larger and smaller timeframes, and only take it seriously when they tell a consistent story.
It’s your own money—think it through before you act.
$ZRO ’s daily chart has formed a MACD death cross (above the zero line); it’s currently at 2.068.
A death cross is when the fast line, DIF, crosses below the slow line, DEA. MACD is calculated from moving averages, so it naturally lags. I use it as an alarm, but when it comes to making a move, I still look at the price. I compare larger and smaller timeframes, and only take it seriously when they tell a consistent story.
It’s your own money—think it through before you act.