$AAVE 4-hour chart shows a MACD golden cross below the zero line.
When examining a MACD crossover, its position matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is waning during a downtrend. Essentially, it leans toward being a rebound signal, with less confirmation than a golden cross above the zero line. Only when the DIF moves back above the zero line can the trend be considered to be strengthening.
The few candlesticks after the signal appears are more convincing than the signal itself.
#AAVE
When examining a MACD crossover, its position matters more than the crossover itself. A golden cross below the zero line indicates that bearish momentum is waning during a downtrend. Essentially, it leans toward being a rebound signal, with less confirmation than a golden cross above the zero line. Only when the DIF moves back above the zero line can the trend be considered to be strengthening.
The few candlesticks after the signal appears are more convincing than the signal itself.
#AAVE
