$NEAR 4The hourly chart has just formed a MACD golden cross (below the zero line). Before the crossover, bearish momentum bars lasted for 8 four-hour candles.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things one by one:
① Do the bars get longer one after another once they turn positive?
② Is volume confirming the move?
③ Can the price rise above the recent high?
The four-hour signal is more relevant to the short term, so it’s best to compare it with the daily trend as well. Do you focus more on technical analysis or the news?
#NEAR
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things one by one:
① Do the bars get longer one after another once they turn positive?
② Is volume confirming the move?
③ Can the price rise above the recent high?
The four-hour signal is more relevant to the short term, so it’s best to compare it with the daily trend as well. Do you focus more on technical analysis or the news?
#NEAR
