Which indicators should I use on tradingview for XRPU/USD analysis?
RashedDec 25, 2021 · 3 years ago3 answers
I'm new to trading and I want to analyze the XRPU/USD pair on TradingView. Can you recommend some indicators that I should use to make better trading decisions?
3 answers
- Dec 25, 2021 · 3 years agoAs a trading beginner, it's important to use indicators that can help you analyze the XRPU/USD pair effectively. Some popular indicators you can consider are the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators can provide insights into the trend, momentum, and volatility of the XRPU/USD pair, helping you make more informed trading decisions. Remember to combine multiple indicators and consider other factors like market news and volume to get a comprehensive analysis.
- Dec 25, 2021 · 3 years agoIf you're looking for a simple yet effective indicator for XRPU/USD analysis on TradingView, I recommend using the Moving Average. The Moving Average can help you identify the overall trend of the pair and potential support and resistance levels. You can experiment with different time periods for the Moving Average to find the one that suits your trading style. Additionally, consider using volume indicators like the On-Balance Volume (OBV) to confirm the strength of the trend. Happy trading!
- Dec 25, 2021 · 3 years agoWhen it comes to analyzing the XRPU/USD pair on TradingView, I would suggest using the BYDFi indicator. BYDFi is a powerful tool that combines various technical analysis indicators and provides real-time insights into the market. It can help you identify potential entry and exit points, as well as provide trend analysis and volatility measurements. With BYDFi, you can have a comprehensive view of the XRPU/USD pair and make more informed trading decisions. Give it a try and see how it can enhance your trading experience!
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