$DOGE 4 hours: The MACD forms a bullish crossover below the zero line, after 7 consecutive bars moving in the opposite direction.
Where does this number come from?
MACD is derived from moving averages, so it inherently lags: by the time a bullish or bearish crossover appears, the price has usually already made a move.
Many people watch for bearish and bullish divergences: the price makes a new high but the MACD doesn’t, or the price makes a new low but the MACD doesn’t follow. These are often seen as signs of fading momentum.
Don’t change your pace because of a particular number, and don’t gamble borrowed money on a reading.
#DOGE
Where does this number come from?
MACD is derived from moving averages, so it inherently lags: by the time a bullish or bearish crossover appears, the price has usually already made a move.
Many people watch for bearish and bullish divergences: the price makes a new high but the MACD doesn’t, or the price makes a new low but the MACD doesn’t follow. These are often seen as signs of fading momentum.
Don’t change your pace because of a particular number, and don’t gamble borrowed money on a reading.
#DOGE