$PEPE 4 The hourly MACD formed a bullish crossover above the zero line, with opposing histogram bars persisting for 7 bars before the crossover.
Let's use this figure to talk about MACD.
MACD values are related to the price of the coin, so comparing their absolute values across different coins is meaningless. What matters is the relationship between the crossover and its position.
A death cross above the zero line is often interpreted as weakening upward momentum, but it doesn't necessarily mean the trend is over. A death cross below the zero line is often seen as a continuation of the downtrend.
Indicators can be inaccurate, but stop-losses are essential: deciding in advance what to do if you're wrong is more important than being right about your prediction.
I get it wrong pretty often too, so don't take this as advice.
Let's use this figure to talk about MACD.
MACD values are related to the price of the coin, so comparing their absolute values across different coins is meaningless. What matters is the relationship between the crossover and its position.
A death cross above the zero line is often interpreted as weakening upward momentum, but it doesn't necessarily mean the trend is over. A death cross below the zero line is often seen as a continuation of the downtrend.
Indicators can be inaccurate, but stop-losses are essential: deciding in advance what to do if you're wrong is more important than being right about your prediction.
I get it wrong pretty often too, so don't take this as advice.
