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Which indicators are commonly used in conjunction with candle charts for cryptocurrency analysis?
Avish GolakiyaApr 16, 2022 · 3 years ago1 answersWhat are some commonly used indicators that are often used together with candle charts for analyzing cryptocurrencies?
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- BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators with candle charts for cryptocurrency analysis. Some commonly used indicators include the moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands. The MACD helps identify potential trend reversals, while the RSI measures the speed and change of price movements. Bollinger Bands help identify volatility and potential price breakouts. By using these indicators in conjunction with candle charts, traders can gain valuable insights into market trends and make more informed trading decisions.Apr 16, 2022 · 3 years ago
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