$SOL 4-hour MACD formed a death cross above the zero line, with 19 consecutive bars moving in the opposite direction before the cross.
Let’s use this data to talk about MACD.
The histogram is the difference between DIF and DEA. Many charting apps in China also multiply it by 2. When the histogram switches from negative to positive, DIF crosses above DEA.
A golden cross above the zero line is often seen as a signal that a pullback in an uptrend has ended. A golden cross below the zero line is more often treated as a rebound signal.
Indicators can fail, so don’t skip risk management: thinking in advance about what to do if you’re wrong matters more than getting the prediction right.
#SOL
Let’s use this data to talk about MACD.
The histogram is the difference between DIF and DEA. Many charting apps in China also multiply it by 2. When the histogram switches from negative to positive, DIF crosses above DEA.
A golden cross above the zero line is often seen as a signal that a pullback in an uptrend has ended. A golden cross below the zero line is more often treated as a rebound signal.
Indicators can fail, so don’t skip risk management: thinking in advance about what to do if you’re wrong matters more than getting the prediction right.
#SOL