🗂️ Data: $HYPE ｜4-hour MACD｜Golden cross below the zero line
· Meaning: 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 they carry more weight there.
· How to read it: Many people also watch for bearish and bullish divergences: when the price makes a new high but MACD does not, or the price makes a new low but MACD does not, this is often seen as a sign of fading momentum.
All indicators only describe past price movements; the market could just as easily move in the opposite direction.
· Meaning: 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 they carry more weight there.
· How to read it: Many people also watch for bearish and bullish divergences: when the price makes a new high but MACD does not, or the price makes a new low but MACD does not, this is often seen as a sign of fading momentum.
All indicators only describe past price movements; the market could just as easily move in the opposite direction.