🐋 $DOGE 4-hour MACD formed a golden cross below the zero line, after 7 consecutive histogram bars in the opposite direction before the crossover.
People post about golden and death crosses every day; what really matters is where they occur and what the preceding trend looks like.
DIF (also called the MACD line) = 12-period EMA − 26-period EMA; DEA (also called the signal line) is calculated by applying a 9-period EMA to DIF.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
Just my personal opinion, not a basis for buying or selling.
People post about golden and death crosses every day; what really matters is where they occur and what the preceding trend looks like.
DIF (also called the MACD line) = 12-period EMA − 26-period EMA; DEA (also called the signal line) is calculated by applying a 9-period EMA to DIF.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
Just my personal opinion, not a basis for buying or selling.