$ICNT 4-hour MACD forms a death cross above the zero line, with opposing histogram bars persisting for 29 bars before the crossover.
Folks, what is MACD? Here's the gist in a nutshell 👇
The length of the bars reflects the gap between DIF and DEA. Bars getting longer one by one indicate that momentum in the current direction is strengthening; shorter bars indicate it's weakening.
A death cross above the zero line is often seen as a sign that upward momentum is weakening, but it doesn't necessarily mean the trend is over. A death cross below the zero line is more often seen as a sign that the downtrend is continuing.
Don't let a single indicator disrupt your original plan, and don't use borrowed money to test a hunch.
Folks, what is MACD? Here's the gist in a nutshell 👇
The length of the bars reflects the gap between DIF and DEA. Bars getting longer one by one indicate that momentum in the current direction is strengthening; shorter bars indicate it's weakening.
A death cross above the zero line is often seen as a sign that upward momentum is weakening, but it doesn't necessarily mean the trend is over. A death cross below the zero line is more often seen as a sign that the downtrend is continuing.
Don't let a single indicator disrupt your original plan, and don't use borrowed money to test a hunch.