$HYPE A MACD death cross just appeared on the hourly timeframe (above the zero line). Before the crossover, the bullish momentum histogram lasted for 19 four-hour candles.
A crossover alone can easily be misleading, so I recommend checking these three things one by one:
① After the histogram bars turn negative, are they getting longer one by one?
② Is trading volume confirming the move?
③ Has the price broken below the nearest support level?
The four-hour timeframe is more suited to short-term trading, so it should be considered alongside the daily trend. How do you interpret this data?
#HYPE
A crossover alone can easily be misleading, so I recommend checking these three things one by one:
① After the histogram bars turn negative, are they getting longer one by one?
② Is trading volume confirming the move?
③ Has the price broken below the nearest support level?
The four-hour timeframe is more suited to short-term trading, so it should be considered alongside the daily trend. How do you interpret this data?
#HYPE