Which cryptocurrencies have shown strong correlation with MACD indicators in the past?

3 answers

• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrencies that have shown a strong correlation with MACD indicators in the past, Bitcoin and Ethereum are two notable examples. Both of these cryptocurrencies have often exhibited a close relationship with MACD indicators, making them popular choices for traders who rely on this technical analysis tool. It's important to note that correlation does not imply causation, and past performance is not indicative of future results. However, the historical correlation between Bitcoin, Ethereum, and MACD indicators can provide valuable insights for traders.
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• Dec 27, 2021 · 3 years ago
  In the past, several altcoins have also shown a strong correlation with MACD indicators. Ripple, Litecoin, and Cardano are among the cryptocurrencies that have demonstrated a significant relationship with MACD. Traders who closely monitor MACD indicators may find these altcoins interesting to analyze and potentially trade. As always, it's crucial to conduct thorough research and consider multiple factors before making any investment decisions.
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• Dec 27, 2021 · 3 years ago
  According to data from BYDFi, a digital currency exchange, Bitcoin and Ethereum have consistently shown a strong correlation with MACD indicators in the past. This correlation suggests that changes in MACD indicators may be reflective of price movements in these cryptocurrencies. However, it's important to remember that correlation does not guarantee future price movements, and traders should always exercise caution and conduct their own analysis before making any trading decisions.
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