What are some popular indicators used by traders on tradingview.deriv for cryptocurrency analysis?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! One popular indicator used by traders on tradingview.deriv for cryptocurrency analysis is the Moving Average Convergence Divergence (MACD). This indicator helps traders identify potential trend reversals and generate buy or sell signals based on the convergence or divergence of moving averages. It's widely used for its simplicity and effectiveness in capturing market trends.
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• Dec 25, 2021 · 3 years ago
  Absolutely! Another commonly used indicator on tradingview.deriv is the Relative Strength Index (RSI). The RSI measures the speed and change of price movements and helps traders identify overbought or oversold conditions in the market. Traders often use the RSI to determine when an asset is likely to be overvalued or undervalued, and make trading decisions accordingly.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of indicators for traders on tradingview.deriv. One of the most popular indicators among traders is the Bollinger Bands. These bands provide a visual representation of price volatility and help traders identify potential breakouts or trend reversals. Traders often use Bollinger Bands in conjunction with other indicators to confirm trading signals and improve their accuracy.
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