What are the similarities and differences between chikou span and other technical indicators in the cryptocurrency market?

1 answers

• Dec 28, 2021 · 3 years ago
  Chikou span is a lagging indicator that is commonly used in technical analysis for the cryptocurrency market. It is similar to other technical indicators such as moving averages and MACD, as they all aim to provide insights into market trends. However, chikou span is unique in that it plots the closing price of an asset shifted back by a certain number of periods. This allows traders to compare current prices with past prices and identify potential support or resistance levels. Unlike leading indicators that provide immediate buy or sell signals, chikou span is more focused on confirming trend reversals. By analyzing the relationship between chikou span and other technical indicators, traders can gain a better understanding of market dynamics and make more informed trading decisions.
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