$AAVE 4-hour MACD formed a bullish crossover below the zero line.
Everyone, what is MACD? Here’s a quick explanation 👇
The zero line is where DIF = 0, meaning the 12-period EMA and 26-period EMA overlap. When DIF is above the zero line, the faster moving average is above the slower one.
Many people look for bearish and bullish divergences: the price makes a new high but MACD doesn’t follow, or the price makes a new low but MACD doesn’t. These are often seen as signs that momentum may be fading.
All data summarizes market movements that have already happened; the market can move in the opposite direction at any time.
Just my personal perspective, which may not be accurate. Please use caution.
Everyone, what is MACD? Here’s a quick explanation 👇
The zero line is where DIF = 0, meaning the 12-period EMA and 26-period EMA overlap. When DIF is above the zero line, the faster moving average is above the slower one.
Many people look for bearish and bullish divergences: the price makes a new high but MACD doesn’t follow, or the price makes a new low but MACD doesn’t. These are often seen as signs that momentum may be fading.
All data summarizes market movements that have already happened; the market can move in the opposite direction at any time.
Just my personal perspective, which may not be accurate. Please use caution.
