On its own, MACD oscillates along a horizontal axis that represents a parity between the long- and short-term EMA. In this chart, it’s the same x-axis as green and red area graph.

One way that a MACD indicator can be used is to signal when a trend has been formed, which happens when the faster and the slower moving averages crossover.

Proven Bitcoin Momentum Indicator Flashes Green, Supporting Analyst $140K-$200K Price Predictions A positive flip in the indicator has preceded every major rally since 2020.