$ETH 4-hour MACD forms a golden cross below the zero line, after 17 consecutive bars moving in the opposite direction before the crossover.
Folks, what exactly is MACD measuring? Here's the short version 👇
The height of the bars reflects the distance between DIF and DEA. Bars growing taller one after another indicate that momentum in the current direction is strengthening; shorter bars indicate that it is weakening.
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 more often seen as a continuation of the downtrend.
Indicators can be wrong, but stop-losses shouldn't be skipped: deciding in advance what to do if you're wrong is more important than trying to guess right.
#ETH
Folks, what exactly is MACD measuring? Here's the short version 👇
The height of the bars reflects the distance between DIF and DEA. Bars growing taller one after another indicate that momentum in the current direction is strengthening; shorter bars indicate that it is weakening.
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 more often seen as a continuation of the downtrend.
Indicators can be wrong, but stop-losses shouldn't be skipped: deciding in advance what to do if you're wrong is more important than trying to guess right.
#ETH