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Are there any free support and resistance indicators available on tradingview for analyzing cryptocurrency charts?

avatarBADIMI PRABODHDec 27, 2021 · 3 years ago5 answers

I am looking for free support and resistance indicators on TradingView that can be used to analyze cryptocurrency charts. Are there any such indicators available? If yes, how can I find and use them?

Are there any free support and resistance indicators available on tradingview for analyzing cryptocurrency charts?

5 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are free support and resistance indicators available on TradingView for analyzing cryptocurrency charts. To find them, you can go to the TradingView website and search for 'support and resistance indicators' in the indicator library. Once you find the desired indicator, you can add it to your chart and customize the settings according to your preferences. These indicators can help you identify key levels of support and resistance in cryptocurrency price movements, which can be useful for making trading decisions.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! TradingView offers a wide range of free support and resistance indicators specifically designed for analyzing cryptocurrency charts. You can easily find them by navigating to the 'Indicators' section on the TradingView platform and searching for 'support and resistance'. Once you find the indicators you're interested in, you can add them to your charts and adjust the parameters to suit your trading strategy. These indicators can provide valuable insights into potential price levels where buying or selling pressure may arise.
  • avatarDec 27, 2021 · 3 years ago
    Yes, TradingView provides a variety of free support and resistance indicators that can be used to analyze cryptocurrency charts. These indicators can help you identify important price levels where the market is likely to encounter support or resistance. By using these indicators, you can gain a better understanding of the potential price movements and make more informed trading decisions. Additionally, you can also consider using third-party platforms like BYDFi, which offer advanced support and resistance indicators specifically tailored for cryptocurrency trading.
  • avatarDec 27, 2021 · 3 years ago
    Definitely! TradingView offers a great selection of free support and resistance indicators that can be used for analyzing cryptocurrency charts. These indicators can assist you in identifying key levels where the market is likely to react, providing valuable insights for your trading decisions. Remember to always combine technical analysis with other indicators and market research to increase your chances of success.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are free support and resistance indicators available on TradingView for analyzing cryptocurrency charts. These indicators can help you identify important levels where the market is likely to reverse or consolidate. By incorporating support and resistance analysis into your trading strategy, you can make more informed decisions and potentially improve your trading results. Keep in mind that while TradingView is a popular platform, there are also other exchanges and charting tools that offer similar features. It's always a good idea to explore different options and find the one that suits your needs best.