$AVAX 4: A MACD death cross (below the zero line) just appeared on the hourly timeframe. Before the crossover, the bullish momentum histogram lasted for 10 four-hour candles.
It’s easy to be misled by the crossover alone, so I’ll check three things in order:
① Does the histogram keep expanding after turning negative?
② Is volume confirming the move?
③ Will price break below the previous low?
The four-hour timeframe moves fast, so it’s best to consider it alongside the daily trend. In one sentence, what’s your take right now?
It’s easy to be misled by the crossover alone, so I’ll check three things in order:
① Does the histogram keep expanding after turning negative?
② Is volume confirming the move?
③ Will price break below the previous low?
The four-hour timeframe moves fast, so it’s best to consider it alongside the daily trend. In one sentence, what’s your take right now?