Macd indicator cryptocurrency

macd indicator cryptocurrency

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The cryptocurrency's monthly moving average convergence divergence (MACD) histogram has crossed below zero, a so-called sell signal. Moving average convergence/divergence (MACD) is a momentum indicator that shows the relationship between two moving averages of a security's price. MACD is a trend-following tool that utilizes moving averages to determine the momentum of a stock, cryptocurrency, or another tradeable asset.
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On the other hand, when the MACD line crosses below the signal line, traders tend to consider it a selling opportunity exit point. However, some traders use MACD histograms to predict when a change in trend will occur. Further, because it is a lagging indicator, it argues that confirmation in subsequent price action should develop before taking the signal.