$HYPE 4 hours MACD forms a bearish crossover below the zero line.
A beginner asks: What exactly is MACD calculating?
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 shorter-term moving average is above the longer-term one.
Whenever the fast and slow lines cross, my fingers start going wild. Good thing I checked what it was first.
Don't chase a trade during the sharpest move; wait for the candlestick to close before deciding.
A beginner asks: What exactly is MACD calculating?
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 shorter-term moving average is above the longer-term one.
Whenever the fast and slow lines cross, my fingers start going wild. Good thing I checked what it was first.
Don't chase a trade during the sharpest move; wait for the candlestick to close before deciding.
