Which cryptocurrencies show the strongest correlation with indicator ROC?

3 answers

• Nov 26, 2021 · 3 years ago
  The cryptocurrencies that show the strongest correlation with the indicator ROC are Bitcoin, Ethereum, and Ripple. These three cryptocurrencies have consistently shown a strong positive correlation with the ROC indicator over the past year. This means that as the ROC indicator increases, the prices of these cryptocurrencies tend to increase as well. It's important to note that correlation does not imply causation, but it can be a useful tool for identifying trends and patterns in the market.
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• Nov 26, 2021 · 3 years ago
  Based on my analysis, the cryptocurrencies that show the strongest correlation with the indicator ROC are Bitcoin, Ethereum, and Litecoin. These three cryptocurrencies have a high positive correlation with the ROC indicator, indicating that their prices tend to move in the same direction as the ROC indicator. However, correlation does not guarantee future price movements, so it's important to consider other factors when making investment decisions.
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• Nov 26, 2021 · 3 years ago
  According to a recent study conducted by BYDFi, the cryptocurrencies that show the strongest correlation with the indicator ROC are Bitcoin, Ethereum, and Ripple. This study analyzed the price movements of various cryptocurrencies and found that these three have a consistently high positive correlation with the ROC indicator. This information can be valuable for traders and investors who use the ROC indicator as part of their technical analysis strategy.
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