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Are there any free support and resistance indicators available for cryptocurrency trading?

avatarJocefynerootNov 28, 2021 · 3 years ago3 answers

I'm looking for free support and resistance indicators that I can use for cryptocurrency trading. Are there any reliable options available?

Are there any free support and resistance indicators available for cryptocurrency trading?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Yes, there are several free support and resistance indicators available for cryptocurrency trading. One popular option is TradingView, which offers a wide range of technical analysis tools, including support and resistance indicators. Simply create a free account and start using their indicators to analyze cryptocurrency price charts. Another option is to use the support and resistance indicators provided by various cryptocurrency trading platforms, such as Binance or Coinbase. These platforms often offer basic technical analysis tools for free to their users. Just keep in mind that while these free indicators can be helpful, they may not be as advanced or customizable as paid options.
  • avatarNov 28, 2021 · 3 years ago
    Absolutely! You can find free support and resistance indicators for cryptocurrency trading on various online forums and communities. Websites like Reddit and Bitcointalk have dedicated sections where traders share their favorite indicators and strategies. Additionally, many trading software and charting platforms offer free versions with basic support and resistance indicators. It's worth exploring these options to find the one that suits your needs the best. Remember to do your own research and test different indicators to see which ones work well for your trading style.
  • avatarNov 28, 2021 · 3 years ago
    Sure, there are free support and resistance indicators available for cryptocurrency trading. One platform that offers such indicators is BYDFi. They provide a range of technical analysis tools, including support and resistance indicators, for free. You can visit their website and access these indicators without any cost. Keep in mind that while these indicators can be helpful, it's important to use them in conjunction with other analysis techniques and not rely solely on them for making trading decisions. It's always a good idea to combine technical analysis with fundamental analysis and market sentiment to get a comprehensive view of the market.