What are the best indicators to add on Tradingview for analyzing cryptocurrency trends?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the best indicators to add on Tradingview for analyzing cryptocurrency trends is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can be helpful in identifying overbought or oversold conditions. These indicators, when used together, can provide valuable insights into cryptocurrency trends and help you make informed trading decisions. Good luck!
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• Dec 26, 2021 · 3 years ago
  When it comes to analyzing cryptocurrency trends on Tradingview, there are several indicators that traders commonly use. One popular indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction. Another useful indicator is the Volume Profile, which shows the trading volume at different price levels. Additionally, the Fibonacci retracement tool can help identify potential price levels for trend reversals. Remember, it's important to combine multiple indicators and use them in conjunction with other analysis techniques to get a more accurate picture of cryptocurrency trends.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of the Moving Average (MA) and the Relative Strength Index (RSI) indicators on Tradingview for analyzing cryptocurrency trends. The MA helps smooth out price fluctuations and identify the overall trend, while the RSI measures the strength and momentum of price movements. By using these indicators together, you can get a better understanding of the current market conditions and make more informed trading decisions. Remember to always do your own research and consider multiple indicators before making any trading decisions.
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