Which ichimoku settings should I use to identify support and resistance levels in Ethereum's price chart?

3 answers

• Jan 12, 2022 · 3 years ago
  When using ichimoku settings to identify support and resistance levels in Ethereum's price chart, it is recommended to use the default settings of 9, 26, and 52. These settings provide a good balance between sensitivity and accuracy in detecting support and resistance levels. However, it's important to note that ichimoku is just one tool among many, and it's always a good idea to use multiple indicators and analysis methods to confirm your findings.
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• Jan 12, 2022 · 3 years ago
  If you're looking for a more aggressive approach, you can try using shorter ichimoku settings like 7, 22, and 44. These settings will provide you with more frequent signals, but they may also generate more false positives. It's important to carefully analyze the price action and use other indicators to confirm the support and resistance levels identified by ichimoku.
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• Jan 12, 2022 · 3 years ago
  As an expert at BYDFi, I would recommend using the ichimoku settings of 9, 26, and 52 to identify support and resistance levels in Ethereum's price chart. These settings have been widely used by traders and have shown good results. However, it's important to remember that no indicator or setting can guarantee accurate predictions in the volatile cryptocurrency market. Always do your own research and use multiple indicators to make informed trading decisions.
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