The $BNB 4-hour chart shows a MACD golden cross below the zero line.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is waning during a downtrend. Essentially, it is a rebound signal, and it is less reliable than a golden cross above the zero line. Only when the DIF rises above the zero line can the trend be considered to have strengthened.
Don’t make decisions based on just one indicator; look at trading volume and market structure too.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is waning during a downtrend. Essentially, it is a rebound signal, and it is less reliable than a golden cross above the zero line. Only when the DIF rises above the zero line can the trend be considered to have strengthened.
Don’t make decisions based on just one indicator; look at trading volume and market structure too.