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Which cryptocurrencies have shown a strong correlation with the Stoch indicator?

avatarswathi illuruDec 26, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that have displayed a significant correlation with the Stoch indicator? I am particularly interested in knowing which cryptocurrencies have shown a strong positive or negative correlation with this technical indicator.

Which cryptocurrencies have shown a strong correlation with the Stoch indicator?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can confirm that there are several cryptocurrencies that have shown a strong correlation with the Stoch indicator. Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are some of the prominent cryptocurrencies that have demonstrated a positive correlation with the Stoch indicator. On the other hand, Ripple (XRP), Cardano (ADA), and Stellar (XLM) have shown a negative correlation with the Stoch indicator. It's worth noting that correlation does not necessarily imply causation, and the relationship between the Stoch indicator and these cryptocurrencies may change over time. Therefore, it's important to conduct thorough analysis and consider other factors before making any investment decisions. Please note that the information provided is based on historical data and should not be considered as financial advice.