Technical Note | $ADA | 4-hour MACD | Death cross below the zero line
First, a definition: The same MACD settings can mean quite different things on different timeframes. Crossovers occur frequently on the 4-hour chart, while they’re less common on higher timeframes—but carry more weight.
Next, how to read it: Many people look at two timeframes together. When the daily trend hasn’t changed, a countertrend crossover on a shorter timeframe is often just a pullback or a rebound.
All data merely summarizes price movements that have already occurred; the market could just as easily move in the opposite direction.
#ADA
First, a definition: The same MACD settings can mean quite different things on different timeframes. Crossovers occur frequently on the 4-hour chart, while they’re less common on higher timeframes—but carry more weight.
Next, how to read it: Many people look at two timeframes together. When the daily trend hasn’t changed, a countertrend crossover on a shorter timeframe is often just a pullback or a rebound.
All data merely summarizes price movements that have already occurred; the market could just as easily move in the opposite direction.
#ADA
