common-close-0
BYDFi
Trade wherever you are!

What are the recommended Ichimoku settings for identifying support and resistance levels in cryptocurrencies?

avatarMotvizDec 27, 2021 · 3 years ago7 answers

Can you provide the recommended Ichimoku settings that are commonly used to identify support and resistance levels in cryptocurrencies? I'm looking for specific parameters that can help me make better trading decisions.

What are the recommended Ichimoku settings for identifying support and resistance levels in cryptocurrencies?

7 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! When it comes to using Ichimoku for identifying support and resistance levels in cryptocurrencies, the most commonly recommended settings are: Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings are widely used and provide a good balance between responsiveness and reliability in identifying key levels of support and resistance.
  • avatarDec 27, 2021 · 3 years ago
    Well, the recommended Ichimoku settings for identifying support and resistance levels in cryptocurrencies are a bit subjective and can vary depending on the trader's preferences and the specific cryptocurrency being analyzed. However, a commonly used setting is Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings can help you identify potential support and resistance levels in your cryptocurrency trading.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, recommends using the following Ichimoku settings for identifying support and resistance levels in cryptocurrencies: Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings have been found to be effective in analyzing cryptocurrency price charts and can assist traders in making informed decisions.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to Ichimoku settings for identifying support and resistance levels in cryptocurrencies, there is no one-size-fits-all answer. Traders have their own preferences and may adjust the settings based on their trading strategies and the specific cryptocurrency they are analyzing. However, a commonly used setting is Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings can provide a good starting point for your analysis.
  • avatarDec 27, 2021 · 3 years ago
    The recommended Ichimoku settings for identifying support and resistance levels in cryptocurrencies are Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings are widely used by traders and have proven to be effective in identifying key levels of support and resistance in cryptocurrency price charts.
  • avatarDec 27, 2021 · 3 years ago
    In the world of cryptocurrencies, the recommended Ichimoku settings for identifying support and resistance levels are Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings can help you spot potential areas of support and resistance, allowing you to make more informed trading decisions.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to identifying support and resistance levels in cryptocurrencies using Ichimoku, the recommended settings are Tenkan-sen (Conversion Line) - 9 periods, Kijun-sen (Base Line) - 26 periods, Senkou Span A (Leading Span A) - 52 periods, and Senkou Span B (Leading Span B) - 52 periods shifted forward. These settings have been widely used by traders and can provide valuable insights into the key levels of support and resistance in cryptocurrency price charts.