$ZEREBRO The daily MACD formed a bullish crossover above the zero line, after 7 consecutive histogram bars in the opposite direction before the crossover.
Folks, how do you read MACD golden crosses and death crosses? Here’s the gist in a few sentences 👇
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, the price has often already moved a bit.
MACD is better suited to gauging direction in a one-way market than to pinpointing exact highs and lows.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#ZEREBRO
Folks, how do you read MACD golden crosses and death crosses? Here’s the gist in a few sentences 👇
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, the price has often already moved a bit.
MACD is better suited to gauging direction in a one-way market than to pinpointing exact highs and lows.
The same data can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#ZEREBRO