đď¸ $CAP On the daily chart, the MACD formed a bullish crossover above the zero line, after 10 consecutive opposing histogram bars.
ăQuick explainerăHow should you read MACD golden and death crosses?
The same MACD settings can mean quite different things on different timeframes: crossovers occur more often on the 4-hour chart and less often on the daily chart, but daily crossovers tend to carry more weight.
A golden cross above the zero line is often seen as a sign that a pullback within an uptrend is ending, while one below the zero line is more often seen as a sign of a rebound.
Extreme readings often signal more volatile swings. In such situations, itâs better to reduce leverage rather than place a big bet.
Whether to buy is your own decision; Iâm just keeping a record.
ăQuick explainerăHow should you read MACD golden and death crosses?
The same MACD settings can mean quite different things on different timeframes: crossovers occur more often on the 4-hour chart and less often on the daily chart, but daily crossovers tend to carry more weight.
A golden cross above the zero line is often seen as a sign that a pullback within an uptrend is ending, while one below the zero line is more often seen as a sign of a rebound.
Extreme readings often signal more volatile swings. In such situations, itâs better to reduce leverage rather than place a big bet.
Whether to buy is your own decision; Iâm just keeping a record.