common-close-0
BYDFi
Trade wherever you are!

Which cryptocurrencies have shown strong correlations with the MACD 3, 10, and 16 indicators in the past?

avatarHeroína MalvadaJan 14, 2022 · 3 years ago1 answers

I'm interested in knowing which cryptocurrencies have demonstrated significant correlations with the MACD 3, 10, and 16 indicators in the past. Can you provide insights on this? Specifically, I would like to understand which cryptocurrencies have shown strong positive or negative correlations with these indicators, and how these correlations have impacted their price movements.

Which cryptocurrencies have shown strong correlations with the MACD 3, 10, and 16 indicators in the past?
Cryptocurrencies
MACD Indicators
Price Correlations

1 answers

  • avatarJan 14, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has observed significant correlations between certain cryptocurrencies and the MACD 3, 10, and 16 indicators. For instance, Bitcoin Cash (BCH) has consistently shown a strong positive correlation with these indicators, indicating that its price movements align with the MACD signals. Litecoin (LTC) has also exhibited a positive correlation, although it may not be as strong as Bitcoin Cash's. However, it's important to note that correlations can vary over time, and past performance is not indicative of future results. Therefore, it's crucial to conduct thorough analysis and consider other factors before making investment decisions based solely on correlations with technical indicators.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions