The long-awaited reversal on Shiba Inu might be closer than ever with the MACD technical indicator showing the first signal of a mid-term reversal.
The MACD, or Moving Average Convergence Divergence, indicator is a widely-known tool for determining the reversal points of financial assets. The indicator utilizes two moving averages with periods of 12 and 26 that are used to signal bullish and bearish reversals.
Whenever moving averages cross each other in one or another direction, traders are able to determine if the asset is changing the direction of its movement or continuously moving down. In addition to moving averages, the indicator is also able to show the strength of the current with the help of a histogram.