Big money making a move?
$ETH -hour MACD golden cross below the zero line. Indicators are all calculated from price, so to see what real money is doing, you need to look at trading volume.
If volume picks up after the golden cross, it means money is stepping in to take over; if volume shrinks, the golden cross is more likely due to selling pressure easing rather than new money coming in.
Which side are you on? Let us know.
#ETH
$ETH -hour MACD golden cross below the zero line. Indicators are all calculated from price, so to see what real money is doing, you need to look at trading volume.
If volume picks up after the golden cross, it means money is stepping in to take over; if volume shrinks, the golden cross is more likely due to selling pressure easing rather than new money coming in.
Which side are you on? Let us know.
#ETH