1οΈβ£ Golden/Death Cross Watch
Not a confirmed golden cross yet, but price is attempting to reclaim short-term moving averages after recent pullback. Still below key resistance β more like an early-stage recovery attempt, not trend confirmation.
2οΈβ£ Zero Line Check
MACD is still slightly below the zero line, but histogram is turning less negative.
π Momentum is improving, but we are not in full βpositive zoneβ yet.
3οΈβ£ Divergence Hunt
Spotting a minor bullish divergence β price made a lower low recently, but MACD did not make a significantly lower low.
π Suggests selling pressure is weakening, but not gone.
π‘ My Read:
This looks like a relief bounce within a broader consolidation, not a full trend reversal yet.
π If MACD crosses above zero + price breaks resistance β stronger upside continuation
π If rejected β likely aligns with macro (oil + rates pressure) β pullback risk remains
π₯ Conclusion:
Momentum is improving, not accelerating yet.
Comments