Cryptocurrency Q&A What does MACD indicate?

What does MACD indicate?

ShintoBlessed Fri Sep 20 2024 | 5 answers 1187

Could you please elaborate on what MACD, or the Moving Average Convergence Divergence, is intended to signify in the realm of financial analysis and specifically in the context of cryptocurrency trading? I'm curious to understand how this technical indicator is utilized by traders to identify potential trends or momentum shifts in the market, and whether it's considered a reliable tool for making informed decisions regarding buying and selling opportunities. What does MACD indicate?

What does MACD indicate?

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