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TagsWhat are the best MACD settings for analyzing cryptocurrency trends on a 1-hour chart?
Erikson Ramon Ferreira DuarteDec 17, 2021 · 3 years ago1 answersI'm interested in using the MACD indicator to analyze cryptocurrency trends on a 1-hour chart. Can you provide me with the best MACD settings to use for this purpose? I want to make sure I'm using the most effective settings to identify potential buy or sell signals and maximize my profits.
1 answers
- At BYDFi, we recommend using the MACD settings of 12, 26, 9 for analyzing cryptocurrency trends on a 1-hour chart. These settings have been found to be effective in identifying potential buy or sell signals. However, it's important to note that MACD should not be used as the sole indicator for making trading decisions. It should be used in conjunction with other technical analysis tools and indicators to confirm signals and minimize risks. Remember to always do your own research and consider multiple factors before making any trading decisions. Happy trading!Dec 17, 2021 · 3 years ago
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