What are the best tradingview support and resistance indicators for cryptocurrency trading?

5 answers

• Dec 26, 2021 · 3 years ago
  One of the best support and resistance indicators for cryptocurrency trading on TradingView is the 'Pivot Points' indicator. It calculates key levels of support and resistance based on the previous day's price action. This indicator is widely used by traders to identify potential reversal points and areas of interest. Give it a try and see how it works for you! Happy trading!
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• Dec 26, 2021 · 3 years ago
  In my experience, the 'Fibonacci Retracement' tool is a great indicator for identifying support and resistance levels in cryptocurrency trading. It uses Fibonacci ratios to determine potential reversal zones. Simply draw the Fibonacci retracement levels on your chart and pay attention to where the price reacts. It's a popular tool among traders and can be quite effective when used correctly.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we have developed our own support and resistance indicator called 'CryptoSR'. It's specifically designed for cryptocurrency trading on TradingView. CryptoSR uses advanced algorithms to identify key levels of support and resistance based on historical price data. It's a powerful tool that can help you make more informed trading decisions. Give it a try and let us know what you think!
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• Dec 26, 2021 · 3 years ago
  When it comes to support and resistance indicators for cryptocurrency trading on TradingView, you can't go wrong with the 'Volume Profile' indicator. It shows the volume traded at each price level, which can help you identify areas of high buying or selling pressure. These levels often act as strong support or resistance zones. Keep an eye on the volume profile and use it in conjunction with other indicators for better accuracy.
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• Dec 26, 2021 · 3 years ago
  A simple yet effective support and resistance indicator for cryptocurrency trading on TradingView is the 'Horizontal Line' tool. It allows you to draw horizontal lines at key price levels where you expect support or resistance to occur. This tool is easy to use and can be quite handy in identifying important levels on your charts. Give it a try and see how it enhances your trading strategy!
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