📐 $EVAA The daily MACD formed a bullish crossover above the zero line, after 6 consecutive histogram bars in the opposite direction before the crossover.
【Term explained】What exactly does MACD calculate?
The zero line is where DIF = 0, meaning the 12-period EMA and 26-period EMA are equal; when DIF is above the zero line, the short-term moving average is above the long-term moving average.
The purpose of understanding an indicator is to avoid being misled by numbers—not to use it to predict price movements accurately.
【Term explained】What exactly does MACD calculate?
The zero line is where DIF = 0, meaning the 12-period EMA and 26-period EMA are equal; when DIF is above the zero line, the short-term moving average is above the long-term moving average.
The purpose of understanding an indicator is to avoid being misled by numbers—not to use it to predict price movements accurately.
