Just saw: $ZEC 4-hour MACD formed a death cross below the zero line.
People often ask how to read MACD. This is how I understand it.
MACD is derived from moving averages, so it naturally lags: by the time a golden cross or death cross occurs, the price has usually already moved for a while.
The histogram bars often start getting shorter before a crossover appears. Some people take this as an early sign that momentum is weakening, but this signal is also more prone to error.
All indicators merely describe past price action; the price can move in the opposite direction at any time.
#ZEC
People often ask how to read MACD. This is how I understand it.
MACD is derived from moving averages, so it naturally lags: by the time a golden cross or death cross occurs, the price has usually already moved for a while.
The histogram bars often start getting shorter before a crossover appears. Some people take this as an early sign that momentum is weakening, but this signal is also more prone to error.
All indicators merely describe past price action; the price can move in the opposite direction at any time.
#ZEC