Which indicators should I use on TradingView for LINK/USD trading?
Shiva KumaraDec 24, 2021 · 3 years ago3 answers
I'm new to trading LINK/USD on TradingView and I'm wondering which indicators would be most helpful for this pair. Can you recommend any specific indicators that would provide valuable insights for LINK/USD trading?
3 answers
- Dec 24, 2021 · 3 years agoOne indicator that can be useful for LINK/USD trading on TradingView is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another indicator to consider is the Relative Strength Index (RSI), which measures the strength and speed of price movements. Additionally, the Bollinger Bands indicator can help identify overbought and oversold conditions. Remember to use these indicators in conjunction with other analysis tools for a comprehensive trading strategy.
- Dec 24, 2021 · 3 years agoWhen it comes to trading LINK/USD on TradingView, it's important to consider a combination of indicators to get a holistic view of the market. Some popular indicators to consider include the Ichimoku Cloud, which provides support and resistance levels, and the Volume Profile, which shows the volume traded at different price levels. Additionally, the Fibonacci retracement tool can help identify potential levels of support and resistance. Experiment with different indicators and find the ones that work best for your trading style and strategy.
- Dec 24, 2021 · 3 years agoBYDFi is a popular trading platform that offers a wide range of indicators for LINK/USD trading on TradingView. Some of the recommended indicators on BYDFi include the Moving Average, RSI, and MACD. These indicators can help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions. It's important to note that while indicators can provide valuable insights, they should not be used as the sole basis for trading decisions. Always conduct thorough analysis and consider multiple factors before making any trades.
Related Tags
Hot Questions
- 99
What are the best digital currencies to invest in right now?
- 98
What are the tax implications of using cryptocurrency?
- 81
How can I protect my digital assets from hackers?
- 80
How can I minimize my tax liability when dealing with cryptocurrencies?
- 46
What is the future of blockchain technology?
- 35
Are there any special tax rules for crypto investors?
- 33
How does cryptocurrency affect my tax return?
- 24
What are the advantages of using cryptocurrency for online transactions?