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What are the best tools for support and resistance calculation in the cryptocurrency market?

avatarAung SoeJan 13, 2022 · 3 years ago3 answers

I'm looking for the most effective tools to calculate support and resistance levels in the cryptocurrency market. Can you recommend any tools that can help me with this? I want to make informed trading decisions based on these levels.

What are the best tools for support and resistance calculation in the cryptocurrency market?

3 answers

  • avatarJan 13, 2022 · 3 years ago
    One of the best tools for support and resistance calculation in the cryptocurrency market is TradingView. It offers a wide range of technical analysis tools, including trendlines, Fibonacci retracement, and horizontal support and resistance lines. You can easily draw these lines on the chart and analyze the price action. TradingView also provides a social community where you can share your analysis and learn from others. It's a popular choice among traders and investors in the crypto space.
  • avatarJan 13, 2022 · 3 years ago
    When it comes to support and resistance calculation in the cryptocurrency market, I personally prefer to use Coinigy. Coinigy is a comprehensive trading platform that offers advanced charting tools and real-time data from multiple exchanges. It allows you to draw support and resistance lines on the charts and provides alerts when the price approaches these levels. Coinigy also offers portfolio tracking and trading execution features, making it a convenient all-in-one solution for cryptocurrency traders.
  • avatarJan 13, 2022 · 3 years ago
    BYDFi is a great platform for support and resistance calculation in the cryptocurrency market. It provides a user-friendly interface with powerful charting tools. You can easily draw support and resistance lines on the charts and analyze the price movements. BYDFi also offers real-time data from multiple exchanges, allowing you to make informed trading decisions. It's a reliable platform trusted by many traders in the crypto community.