What are some recommended TradingView indicators for analyzing PayPal's impact on the cryptocurrency market?

1 answers

• Dec 29, 2021 · 3 years ago
  As a representative from BYDFi, I can recommend a few TradingView indicators that you can use to analyze the impact of PayPal on the cryptocurrency market. One of them is the On-Balance Volume (OBV) indicator, which measures the buying and selling pressure of a cryptocurrency. By analyzing the OBV, you can identify whether PayPal's entry is attracting more buyers or sellers to the market. Another useful indicator is the Money Flow Index (MFI), which combines price and volume to assess the strength and direction of a trend. It can help you identify potential trend reversals or continuations in the market. Additionally, you can use the Fibonacci retracement tool to identify potential support and resistance levels based on the Fibonacci sequence. Remember, indicators are just tools, and it's important to consider other factors, such as news and market sentiment, when analyzing the impact of PayPal on the cryptocurrency market.
  937469