$ETH 4-hour MACD formed a death cross below the zero line, with opposing bars continuing for 9 bars before the crossover.
When I first learned MACD, I got excited every time I saw a golden cross or death cross. It took me a while to understand that how much weight to give a crossover depends on where it occurs and the preceding trend. A golden cross above the zero line is often seen as the end of a pullback, while one below the zero line is often seen as a rebound. Looking at the crossover alone can easily mislead you.
The same readings can mean very different things in different market conditions, so don't apply a rule of thumb blindly.
#ETH
When I first learned MACD, I got excited every time I saw a golden cross or death cross. It took me a while to understand that how much weight to give a crossover depends on where it occurs and the preceding trend. A golden cross above the zero line is often seen as the end of a pullback, while one below the zero line is often seen as a rebound. Looking at the crossover alone can easily mislead you.
The same readings can mean very different things in different market conditions, so don't apply a rule of thumb blindly.
#ETH