Which cryptocurrencies are most suitable for implementing ichimoku strategies?
David LopezDec 25, 2021 · 3 years ago3 answers
I'm interested in implementing ichimoku strategies in my cryptocurrency trading. Which cryptocurrencies would be the best fit for this type of trading strategy? I want to make sure I focus my efforts on the most suitable cryptocurrencies.
3 answers
- Dec 25, 2021 · 3 years agoWhen it comes to implementing ichimoku strategies in cryptocurrency trading, it's important to consider the liquidity and volatility of the cryptocurrencies. Some of the most suitable cryptocurrencies for ichimoku strategies include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies have a large market cap and high trading volume, which makes them ideal for applying technical analysis strategies like ichimoku.
- Dec 25, 2021 · 3 years agoIf you're looking to implement ichimoku strategies in cryptocurrency trading, it's important to choose cryptocurrencies that have a strong trend and clear support and resistance levels. Some popular choices for ichimoku strategies include Bitcoin, Ethereum, and Binance Coin. These cryptocurrencies have a proven track record of price movements and are widely traded, making them suitable for applying ichimoku analysis.
- Dec 25, 2021 · 3 years agoBased on my experience at BYDFi, I've found that Bitcoin, Ethereum, and Cardano are among the most suitable cryptocurrencies for implementing ichimoku strategies. These cryptocurrencies have a strong community and a high level of liquidity, which is essential for successful ichimoku trading. Additionally, their price movements often exhibit clear trends and support/resistance levels, making them ideal for applying ichimoku analysis.
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