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TagsWhat are the best USD tradingview indicators for cryptocurrency analysis?
Toby WilliamsMar 06, 2022 · 3 years ago1 answersI'm looking for the most effective tradingview indicators in USD for analyzing cryptocurrencies. Can anyone recommend some indicators that are widely used and have proven to be helpful in cryptocurrency analysis? I want to make informed trading decisions based on technical analysis, so I'm specifically interested in indicators that can provide insights into price trends, support and resistance levels, and market sentiment. Any suggestions?
1 answers
- At BYDFi, we recommend using the Volume Weighted Average Price (VWAP) indicator for cryptocurrency analysis in USD. It takes into account both price and volume, providing a more accurate representation of market trends. Additionally, the Fibonacci retracement tool can be helpful for identifying potential price levels of support and resistance based on the Fibonacci sequence. Remember to always combine indicators with other forms of analysis and consider the overall market conditions before making trading decisions.Mar 06, 2022 · 3 years ago
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