#WalletConnect The increase in the accuracy of the MACD forecast combines the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). As with regular moving averages, the relationship between these two indicators allows for effective determination of the trend direction.
When working with these indicators, the weekly chart is used to analyze long-term trends, the daily interval shows medium-term dynamics, and the six-hour timeframe reflects short-term market movements.
The MACD indicator for #WalletConnectToken on the chart with a 1-week interval WalletConnect Token is bearish: the signal line of the indicator crossed below the level 50 periods ago, while the histogram maintains a declining value for 50 periods. $WCT