$INJ The daily MACD has formed a golden cross above the zero line.
Everyone, what exactly does MACD measure? Here's a quick explanation 👇
A golden cross occurs when DIF crosses above DEA, while a death cross occurs when DIF crosses below DEA. These correspond to the histogram bars changing from negative to positive and from positive to negative, respectively.
Many people watch for bearish and bullish divergences: when the price makes a new high but MACD doesn't, or the price makes a new low but MACD fails to follow, this is often seen as a sign of weakening momentum.
All data summarize market movements that have already happened, and prices can absolutely move in the opposite direction.
Everyone, what exactly does MACD measure? Here's a quick explanation 👇
A golden cross occurs when DIF crosses above DEA, while a death cross occurs when DIF crosses below DEA. These correspond to the histogram bars changing from negative to positive and from positive to negative, respectively.
Many people watch for bearish and bullish divergences: when the price makes a new high but MACD doesn't, or the price makes a new low but MACD fails to follow, this is often seen as a sign of weakening momentum.
All data summarize market movements that have already happened, and prices can absolutely move in the opposite direction.
