What are the best indicators to use in conjunction with RSI shift for cryptocurrency analysis?

3 answers

• Dec 25, 2021 · 3 years ago
  One indicator that works well in conjunction with RSI for cryptocurrency analysis is the Moving Average Convergence Divergence (MACD). The MACD can help confirm the RSI signals and provide additional insights into the trend strength and momentum. By combining the RSI and MACD, you can get a more comprehensive view of the market and make more informed trading decisions.
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• Dec 25, 2021 · 3 years ago
  In addition to the MACD, another useful indicator to use with RSI is the Bollinger Bands. Bollinger Bands can help identify volatility and potential price breakouts. When the RSI indicates overbought or oversold conditions, the Bollinger Bands can provide confirmation by showing if the price is near the upper or lower band. This can be a strong signal for potential trend reversals or continuations.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using the Stochastic Oscillator in conjunction with RSI for cryptocurrency analysis. The Stochastic Oscillator measures the momentum of price movements and can help identify overbought and oversold conditions. When used together with RSI, it can provide additional confirmation and improve the accuracy of your analysis.
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