How can I find the most accurate support and resistance indicator for cryptocurrency trading on TradingView?

3 answers

• Jan 12, 2022 · 3 years ago
  Finding the most accurate support and resistance indicator for cryptocurrency trading on TradingView can be a challenging task. One popular indicator that traders often use is the Fibonacci retracement tool. This tool helps identify potential support and resistance levels based on the Fibonacci sequence. Another option is the Pivot Points indicator, which calculates key levels based on the previous day's high, low, and close prices. It's important to note that no indicator is 100% accurate, so it's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques.
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• Jan 12, 2022 · 3 years ago
  When it comes to finding the best support and resistance indicator for cryptocurrency trading on TradingView, it's all about personal preference and trading style. Some traders swear by the Moving Average Convergence Divergence (MACD) indicator, while others prefer the Relative Strength Index (RSI). It's important to experiment with different indicators and find the one that works best for you. Additionally, keep in mind that support and resistance levels can also be identified through manual analysis of historical price data.
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• Jan 12, 2022 · 3 years ago
  BYDFi is a popular cryptocurrency trading platform that offers a wide range of indicators, including support and resistance tools, on their platform. They have a dedicated team of experts who constantly work on improving the accuracy of their indicators. If you're looking for a reliable and accurate support and resistance indicator, BYDFi is definitely worth checking out. However, it's always a good idea to do your own research and test different indicators to find the one that suits your trading style and preferences.
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