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TagsWhat are the recommended indicators and tools to use with MT4 for trading cryptocurrencies?
James McCoyDec 26, 2021 · 3 years ago1 answersI'm new to trading cryptocurrencies and I've heard that using indicators and tools can be helpful. Can you recommend any specific indicators and tools that are compatible with MT4 for trading cryptocurrencies?
1 answers
- As a representative of BYDFi, I can recommend using the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) indicators with MT4 for trading cryptocurrencies. These indicators can help you identify potential trends and overbought or oversold conditions in the market. Additionally, you may want to consider using the Fibonacci retracement tool to identify support and resistance levels, as well as the Ichimoku Cloud indicator for a comprehensive analysis of price movements. Remember, it's important to conduct your own research and analysis before making any trading decisions. Happy trading!Dec 26, 2021 · 3 years ago
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