$ZEC 4A MACD death cross has just appeared on the hourly timeframe (below the zero line). Before the crossover, the bullish momentum histogram lasted for 8 four-hour candles.
It’s easy to misread the signal if you focus only on the crossover. I’d suggest checking these three things in order:
① Does the histogram continue to expand after turning negative?
② Is volume confirming the move?
③ Has the price broken below the most recent low?
The four-hour timeframe moves quickly, so it’s best to consider it alongside the daily trend. What reasons do you have for being bullish or bearish?
It’s easy to misread the signal if you focus only on the crossover. I’d suggest checking these three things in order:
① Does the histogram continue to expand after turning negative?
② Is volume confirming the move?
③ Has the price broken below the most recent low?
The four-hour timeframe moves quickly, so it’s best to consider it alongside the daily trend. What reasons do you have for being bullish or bearish?