Technical Notes | $ZEC | 4-hour MACD | Bearish crossover above the zero line
First, a definition: MACD is calculated from moving averages, so it inherently lags. By the time a golden cross or death cross appears, the price has usually already moved some distance.
How to read it: Many people look at timeframes of different lengths together. When the direction of the longer timeframe hasn’t changed, a countertrend crossover on the shorter timeframe is often just a pullback or a small rebound.
Confirmation from multiple indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definite conclusion.
This is not investment advice. Make your own trading decisions.
First, a definition: MACD is calculated from moving averages, so it inherently lags. By the time a golden cross or death cross appears, the price has usually already moved some distance.
How to read it: Many people look at timeframes of different lengths together. When the direction of the longer timeframe hasn’t changed, a countertrend crossover on the shorter timeframe is often just a pullback or a small rebound.
Confirmation from multiple indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definite conclusion.
This is not investment advice. Make your own trading decisions.
