$AIN The daily MACD has formed a death cross above the zero line, with countertrend histogram bars persisting for 12 bars before the crossover.
Let’s use this number to break down the MACD.
MACD values are related to the price level of the coin, so comparing values across different coins is not meaningful. What matters is the crossover and changes around the zero line.
A death cross above the zero line is often understood as a slowdown in upward momentum, but it doesn’t necessarily mean a trend reversal. A death cross below the zero line is more often seen as a continuation of the downtrend.
Calculating your position size based on the stop-loss distance is much more reliable than placing trades on a whim.
#AIN
Just sharing a note. Please make your own decisions about buying and selling.
Let’s use this number to break down the MACD.
MACD values are related to the price level of the coin, so comparing values across different coins is not meaningful. What matters is the crossover and changes around the zero line.
A death cross above the zero line is often understood as a slowdown in upward momentum, but it doesn’t necessarily mean a trend reversal. A death cross below the zero line is more often seen as a continuation of the downtrend.
Calculating your position size based on the stop-loss distance is much more reliable than placing trades on a whim.
#AIN
Just sharing a note. Please make your own decisions about buying and selling.