What are some reliable tradingview indicators for cryptocurrencies that provide accurate buy and sell signals?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure, one reliable tradingview indicator for cryptocurrencies that you can consider is the Moving Average Convergence Divergence (MACD). It is a popular indicator that helps identify potential trend reversals and generate buy or sell signals. By analyzing the relationship between two moving averages, the MACD can provide insights into the momentum and strength of a cryptocurrency's price movement. However, it's important to note that no indicator is foolproof, and it's always recommended to use multiple indicators and conduct thorough analysis before making any trading decisions.
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• Dec 25, 2021 · 3 years ago
  When it comes to reliable tradingview indicators for cryptocurrencies, the Relative Strength Index (RSI) is worth considering. The RSI is a momentum oscillator that measures the speed and change of price movements. It can help identify overbought or oversold conditions, which can be useful for determining potential entry or exit points. However, it's important to use the RSI in conjunction with other indicators and consider the overall market conditions before making any trading decisions. Remember, no single indicator can guarantee accurate buy and sell signals.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular digital asset exchange, recommends using the Bollinger Bands indicator for cryptocurrencies. Bollinger Bands consist of a middle band (usually a simple moving average) and two outer bands that represent the standard deviation of the price. The width of the bands can provide insights into the volatility of a cryptocurrency, while the price crossing the bands can indicate potential buy or sell opportunities. However, it's important to note that Bollinger Bands should be used in conjunction with other indicators and analysis techniques to increase the accuracy of trading signals.
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