The Moving Average Convergence Divergence (MACD) is a popular momentum indicator used in technical analysis. It consists of two lines: the MACD line and the signal line, along with a histogram that represents the distance between them. MACD helps identify changes in momentum, trend direction, and potential buy or sell signals in the cryptocurrency market.
The MACD line is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. A nine-day EMA of the MACD line is called the signal line, plotted on top of the MACD line. These lines oscillate above and below the zero line, indicating the relationship between short-term and long-term price trends (see image below).
When the MACD line crosses above the signal line, the indicator is considered bullish. Conversely, when the MACD line crosses below the signal line, the indicator is considered bearish. 
The following crossovers may be helpful, but they are not always reliable. It is also important to check where they occur in the chart to lower the potential risks. For example, if the crossover shows a buy signal, but the MACD line indicator remains below the zero line, the market conditions could still be perceived as bearish. In contrast, if the crossover shows a sell signal, but the MACD line indicator stays above the zero line, the market conditions are still likely to remain bullish. 
The MACD histogram represents the difference between the MACD line and the signal line. It helps traders visualize market momentum. Positive histogram bars indicate that the MACD line is above the signal line and that bullish momentum is increasing. Conversely, negative histogram bars indicate that the MACD line is below the signal line and that bearish momentum is increasing.
Crypto traders often use the MACD indicator to identify trend reversals, with crossovers between the MACD line and the signal line signaling potential shifts in market direction. Additionally, the MACD histogram can help gauge the strength of market momentum, with histogram bars indicating its direction in the current trend. Moreover, divergences between the MACD indicator and price action may indicate potential trend changes.
Learn more: MACD Indicator Explained.

Fellow Binancians,
Binance is excited to announce that BOOK OF MEME (BOME) has been added to Binance Simple Earn, Binance Convert, and Binance Margin. In addition, Binance will add BOME on Binance Auto-Invest at 2024-03-19 03:00 (UTC).
Earn
Users can now subscribe to BOME Flexible Products on Binance Simple Earn.
From 2024-03-19 at 03:00 (UTC), users may purchase BOME using any of the payment options supported on Binance Auto-Invest.
Convert
Users can now trade BOME against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin has added BOME as a new borrowable asset on Cross and Isolated Margin, as well as the BOME/USDT pair on Cross and Isolated Margin.
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Guides & Related Materials:
How to Use Binance ConvertHow to Use Short on Margin Trading
How to Use Long on Margin TradingHow to Use Auto-Invest
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-03-17

This is a general announcement. Products and services referred to here may not be available in your region.
Activity Period: 2024-03-05 00:00 (UTC) to 2024-03-18 23:59 (UTC)
How to Participate:
Click the [Join Now] button on the activity page.Complete the following missions using Binance Web3 Wallet* during the Activity Period to qualify for an equal share of the respective prize pools:
Mission Details (Tutorial)Prize PoolUse the Binance Web3 Wallet in-wallet swap function to purchase at least 50 DODO tokens on BNB Smart Chain$9,000 in DODO tokensReach a minimum cumulative trading volume of $100 equivalent on any eligible trading pair(s)* on DODOX, excluding any cross-chain transaction(s)$18,000 in DODO tokensReach a minimum cumulative trading volume of $500 equivalent on any eligible trading pair(s)* on DODOX, excluding any cross-chain transaction(s)$18,000 in DODO tokensReach a minimum cumulative trading volume of $2,000 equivalent on any eligible trading pair(s)* on DODOX, excluding any cross-chain transaction(s)$18,000 in DODO tokensReach a minimum cumulative trading volume of $5,000 equivalent on any eligible trading pair(s)* on DODOX, excluding any cross-chain transaction(s)$27,000 in DODO tokens
* Note:
List of eligible trading pairs on DODOX: BNB/USDT, DODO/USDT, ETH/USDC, WETH/USDC.Please note that only selected networks are supported on Binance Web3 Wallet. To ensure continued access to tokens, users should refer to the list of supported networks on Binance Web3 Wallet via [Wallets] > [Web3] > [More] > [Networks] before performing any on-chain transactions. More networks will be supported soon.External wallets imported to Binance Web3 Wallet will not count toward the above mission requirements. Only backed-up wallets that are created in Binance Web3 Wallet may participate in the aforementioned missions. The rewards for each qualified participant is capped at 1% of the prize pool per mission. Users can qualify to receive a maximum of $700 in DODO tokens by completing all the above missions.Users can tap on the [Verify task status] button on the activity page to check if the mission is completed successfully.The total prize pool for this Activity is inclusive of all network and gas fees that may incur during the distribution of rewards.
Grab Your Share of $90,000 in DODO Rewards!
Guides & Related Materials:
What Is Binance Web3 Wallet and How Does It WorkBinance Research - DODOStep-by-Step Guide to Binance Web3 Wallet $90,000 DODO Airdrop Activity
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern users’ participation in this Airdrop activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the  following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.Only users from qualified regions who click the [Join Now] button on this page, complete KYC and hold an active Binance Web3 Wallet shall be eligible for any rewards. Rewards will not be distributed to users who delete or deactivate their Binance Web3 Wallets. New users may click here to register for a Binance account and get a 10% spot trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. Binance will use the closing price of the DODO/USDT spot trading pair at 2024-02-19 23:59 UTC (i.e., 0.1899) for the distribution of rewards. The actual value of rewards received is subject to change due to market fluctuation.Token rewards will be airdropped within two weeks after the Activity ends. Users will be able to check the airdrop history in Binance Web3 Wallet via Discover > Airdrop Zone > Rewards > Details.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, self dealing, or market manipulation).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.