$OP The daily MACD has formed a golden cross above the zero line.
Let's take this opportunity to talk about MACD.
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, prices have usually already made a significant move.
In sideways markets, DIF and DEA can easily intertwine, resulting in frequent golden and death crosses. These crossovers have limited significance in such conditions.
All indicators summarize past market movements, and prices can turn in the opposite direction at any time.
#OP
Let's take this opportunity to talk about MACD.
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, prices have usually already made a significant move.
In sideways markets, DIF and DEA can easily intertwine, resulting in frequent golden and death crosses. These crossovers have limited significance in such conditions.
All indicators summarize past market movements, and prices can turn in the opposite direction at any time.
#OP