$AIN 4 Hourly MACD forms a golden cross above the zero line.
Guys, how do you read MACD golden and death crosses? Here’s the short version 👇
The MACD histogram is the difference between DIF and DEA; some charting apps multiply it by 2 as well. When the histogram turns from negative to positive, DIF has just crossed above DEA.
Many people watch for bearish and bullish divergences: the price makes a new high but MACD doesn’t, or the price makes a new low but MACD doesn’t. These are often seen as signs that momentum is fading.
Don’t chase a trade during the fastest move. Wait for the candle to close and settle before deciding.
#AIN
Guys, how do you read MACD golden and death crosses? Here’s the short version 👇
The MACD histogram is the difference between DIF and DEA; some charting apps multiply it by 2 as well. When the histogram turns from negative to positive, DIF has just crossed above DEA.
Many people watch for bearish and bullish divergences: the price makes a new high but MACD doesn’t, or the price makes a new low but MACD doesn’t. These are often seen as signs that momentum is fading.
Don’t chase a trade during the fastest move. Wait for the candle to close and settle before deciding.
#AIN