Technical Note | $AAVE | 4-Hour MACD | Bullish Crossover Below the Zero Line
Definition: The same MACD settings can mean different things on different timeframes: crossovers occur more often on the 4-hour chart and less often on higher timeframes, but carry more weight.
Another point on interpretation: A bullish crossover above the zero line is often seen as a signal that a pullback in an uptrend has ended, while one below the zero line is more often viewed as a sign of a rebound during a downtrend.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#AAVE
Definition: The same MACD settings can mean different things on different timeframes: crossovers occur more often on the 4-hour chart and less often on higher timeframes, but carry more weight.
Another point on interpretation: A bullish crossover above the zero line is often seen as a signal that a pullback in an uptrend has ended, while one below the zero line is more often viewed as a sign of a rebound during a downtrend.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
#AAVE
