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Can you recommend any tradingview options for technical analysis of altcoins?

avatarCoates FrancisMar 20, 2022 · 3 years ago3 answers

I'm looking for recommendations on tradingview options that are suitable for conducting technical analysis of altcoins. Can you suggest any specific indicators or tools that can help me analyze altcoin charts effectively?

Can you recommend any tradingview options for technical analysis of altcoins?

3 answers

  • avatarMar 20, 2022 · 3 years ago
    Sure! When it comes to technical analysis of altcoins on TradingView, there are several popular indicators and tools that you can use. One of the most commonly used indicators is the Relative Strength Index (RSI), which helps identify overbought and oversold conditions. Another useful tool is the Moving Average Convergence Divergence (MACD), which helps identify trend reversals. Additionally, you can also consider using Bollinger Bands to identify volatility and support/resistance levels. These are just a few examples, but there are many more indicators and tools available on TradingView that can assist you in analyzing altcoin charts effectively.
  • avatarMar 20, 2022 · 3 years ago
    Absolutely! If you're looking for tradingview options for technical analysis of altcoins, I'd recommend checking out the Ichimoku Cloud indicator. It provides a comprehensive view of support, resistance, and trend direction. Another useful tool is the Fibonacci retracement tool, which helps identify potential levels of support and resistance based on Fibonacci ratios. Additionally, you can also consider using volume indicators like the On-Balance Volume (OBV) to gauge buying and selling pressure. Remember, it's important to combine multiple indicators and tools to get a holistic view of the altcoin market.
  • avatarMar 20, 2022 · 3 years ago
    Definitely! BYDFi is a great tradingview option for technical analysis of altcoins. It offers a wide range of indicators and tools that can help you analyze altcoin charts effectively. Some of the popular indicators available on BYDFi include the Moving Average (MA), Relative Strength Index (RSI), and Bollinger Bands. Additionally, BYDFi also provides advanced charting features like drawing tools and customizable indicators. Overall, BYDFi is a reliable platform for conducting technical analysis of altcoins.