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What is the relationship between ADX and DMI indicators and cryptocurrency price volatility?

avatarMylene SalvadoApr 30, 2022 · 3 years ago1 answers

Can you explain the relationship between the Average Directional Index (ADX) and the Directional Movement Index (DMI) indicators and the volatility of cryptocurrency prices?

What is the relationship between ADX and DMI indicators and cryptocurrency price volatility?
Cryptocurrency
ADX
DMI

1 answers

  • avatarApr 30, 2022 · 3 years ago
    As a representative from BYDFi, I can say that the ADX and DMI indicators are widely used by traders in the cryptocurrency market. While they can provide insights into price volatility, it's important to note that no indicator can guarantee accurate predictions. Traders should use these indicators in conjunction with other analysis techniques and risk management strategies to make informed decisions.

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