What are some popular cryptocurrencies that have shown positive correlations with VWMA?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Some popular cryptocurrencies that have shown positive correlations with VWMA include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Cardano (ADA). These cryptocurrencies have demonstrated a consistent relationship with VWMA, indicating that their price movements are influenced by trading volume. It's important to note that correlation does not imply causation, but studying the correlation between VWMA and these cryptocurrencies can provide valuable insights for traders and investors.
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• Dec 25, 2021 · 3 years ago
  Absolutely! When it comes to cryptocurrencies that have exhibited positive correlations with VWMA, we can't ignore the big players like Bitcoin and Ethereum. These two coins have consistently shown a strong relationship with VWMA, suggesting that volume plays a significant role in their price movements. Additionally, other popular cryptocurrencies such as Ripple, Litecoin, and Cardano have also demonstrated positive correlations with VWMA. Traders who pay attention to VWMA can use this information to make more informed trading decisions.
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• Dec 25, 2021 · 3 years ago
  Certainly! Based on my experience at BYDFi, I've observed that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the popular cryptocurrencies that have shown positive correlations with VWMA. These correlations indicate that the trading volume of these cryptocurrencies has a noticeable impact on their price trends. It's worth noting that VWMA is just one of many indicators that traders consider, but it can provide valuable insights when used in conjunction with other technical analysis tools.
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