$AVAX 4A MACD death cross has appeared on the hourly chart, below the zero line.
When looking at MACD crossovers, the location matters more than the crossover itself. A death cross below the zero line often means a weak rebound has fizzled out and bears are regaining the upper hand; this is not a good place to chase a rebound.
Don't make decisions based on just one indicator; volume and market structure should also be considered.
#AVAX
When looking at MACD crossovers, the location matters more than the crossover itself. A death cross below the zero line often means a weak rebound has fizzled out and bears are regaining the upper hand; this is not a good place to chase a rebound.
Don't make decisions based on just one indicator; volume and market structure should also be considered.
#AVAX