Jotting this down: $AAVE 4-hour MACD golden cross below the zero line.
People often ask how to read MACD, so here’s my take.
MACD is derived from moving averages, so it naturally lags: by the time a golden or death cross appears, the price has usually already made a move.
The way MACD is calculated can vary slightly between charting platforms. A crossover that appears before a candlestick closes may disappear by the close, so crossovers confirmed at the close are more reliable.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades on a whim.
#AAVE
People often ask how to read MACD, so here’s my take.
MACD is derived from moving averages, so it naturally lags: by the time a golden or death cross appears, the price has usually already made a move.
The way MACD is calculated can vary slightly between charting platforms. A crossover that appears before a candlestick closes may disappear by the close, so crossovers confirmed at the close are more reliable.
Calculating your position size based on where you place your stop-loss is much more reliable than placing trades on a whim.
#AAVE