What are the best indicators to use on TradingView for analyzing cryptocurrency trends?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best indicators to use on TradingView for analyzing cryptocurrency trends is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another useful indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Additionally, the Bollinger Bands indicator can help identify overbought or oversold conditions in the market. Remember to use these indicators in conjunction with other analysis tools for a more comprehensive view of the market.
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• Dec 27, 2021 · 3 years ago
  When it comes to analyzing cryptocurrency trends on TradingView, it's important to consider a combination of indicators. Some popular ones include the Ichimoku Cloud, which provides support and resistance levels, as well as the Stochastic Oscillator, which helps identify overbought and oversold conditions. Don't forget to also pay attention to volume indicators such as the On-Balance Volume (OBV) to confirm price movements. Experiment with different indicators and find the ones that work best for your trading strategy.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators on TradingView for analyzing cryptocurrency trends. Some of the best indicators include the Moving Average (MA), which helps identify the overall trend direction, and the Average True Range (ATR), which measures market volatility. Additionally, the Volume Weighted Average Price (VWAP) can provide insights into the average price at which a cryptocurrency has traded over a specific period. Remember to customize the settings of these indicators based on your trading style and the specific cryptocurrency you're analyzing.
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