$APR 4-hour MACD forms a golden cross below the zero line, with counter-direction bars persisting for 7 bars before the crossover.
Let’s use this number as an opportunity to talk about MACD.
A golden cross occurs when DIF crosses above DEA, while a death cross occurs when DIF crosses below DEA. These correspond to the histogram changing from negative to positive and from positive to negative, respectively.
Many people also look for bearish and bullish divergences: the price makes a new high but MACD fails to follow, or the price makes a new low but MACD does not. These are often seen as signs of fading momentum.
Rare readings often signal greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.
Let’s use this number as an opportunity to talk about MACD.
A golden cross occurs when DIF crosses above DEA, while a death cross occurs when DIF crosses below DEA. These correspond to the histogram changing from negative to positive and from positive to negative, respectively.
Many people also look for bearish and bullish divergences: the price makes a new high but MACD fails to follow, or the price makes a new low but MACD does not. These are often seen as signs of fading momentum.
Rare readings often signal greater volatility. At times like these, it’s better to reduce your position rather than make a big bet.