$PEPE The daily MACD has formed a death cross above the zero line.
Let's use this figure to talk about MACD.
MACD values depend on the price of the asset, so comparing the values of different coins directly is meaningless. What matters is the relationship between the crossover and its position.
A death cross above the zero line is often seen as a sign that upward momentum is weakening, but it doesn't necessarily mean the trend is reversing. A death cross below the zero line is more often seen as a continuation of weakness.
Understanding how to read indicators is easy; the hard part is still following the rules when the market gets extremely volatile.
#PEPE
Let's use this figure to talk about MACD.
MACD values depend on the price of the asset, so comparing the values of different coins directly is meaningless. What matters is the relationship between the crossover and its position.
A death cross above the zero line is often seen as a sign that upward momentum is weakening, but it doesn't necessarily mean the trend is reversing. A death cross below the zero line is more often seen as a continuation of weakness.
Understanding how to read indicators is easy; the hard part is still following the rules when the market gets extremely volatile.
#PEPE