What are the best indicators to use on www.tradingview.com chart for cryptocurrency trading?

3 answers

• Dec 25, 2021 · 3 years ago
  One of the best indicators to use on the www.tradingview.com chart for cryptocurrency trading is the Moving Average Convergence Divergence (MACD). It is a trend-following momentum indicator that helps identify potential buy and sell signals. By analyzing the relationship between two moving averages, the MACD can provide insights into the strength and direction of a cryptocurrency's price trend. It is widely used by traders and can be a valuable tool in making informed trading decisions.
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• Dec 25, 2021 · 3 years ago
  When it comes to cryptocurrency trading, the Relative Strength Index (RSI) is another popular indicator to consider. The RSI measures the speed and change of price movements and helps identify overbought or oversold conditions. By using the RSI, traders can determine when a cryptocurrency is overbought and likely to experience a price correction, or when it is oversold and may be due for a price rebound. It is a versatile indicator that can be used in various trading strategies.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator on the www.tradingview.com chart for cryptocurrency trading. The Bollinger Bands consist of a middle band, which is a simple moving average, and two outer bands that are standard deviations away from the middle band. These bands can help traders identify periods of high volatility and potential price reversals. When the price touches the upper band, it may indicate an overbought condition, while touching the lower band may suggest an oversold condition. Traders can use this information to make more informed trading decisions.
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