🐋 $ZEC On the daily chart, the MACD formed a golden cross below the zero line, after 23 consecutive histogram bars moving in the opposite direction.
People post about golden and death crosses every day. What really matters is where they occur and what the preceding trend was.
The same MACD settings mean different things on different timeframes: crosses occur more often on shorter timeframes and less often on longer ones, but they carry greater significance on longer timeframes.
Extreme readings often signal more volatile price swings. That’s when you should reduce leverage, not place a big bet.
People post about golden and death crosses every day. What really matters is where they occur and what the preceding trend was.
The same MACD settings mean different things on different timeframes: crosses occur more often on shorter timeframes and less often on longer ones, but they carry greater significance on longer timeframes.
Extreme readings often signal more volatile price swings. That’s when you should reduce leverage, not place a big bet.