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Which futures indicators are recommended for beginners in the cryptocurrency market?

avatarSaiMahesh ObillaneniNov 23, 2021 · 3 years ago1 answers

As a beginner in the cryptocurrency market, I would like to know which futures indicators are recommended for me. Can you provide some insights on the best futures indicators that can help me make informed trading decisions? I am particularly interested in indicators that are suitable for beginners and can provide reliable signals for future price movements. Thank you!

Which futures indicators are recommended for beginners in the cryptocurrency market?
Cryptocurrency
Futures Indicators
Trading

1 answers

  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we recommend beginners in the cryptocurrency market to consider using the Ichimoku Cloud indicator. This indicator provides a comprehensive view of support and resistance levels, as well as potential trend reversals. It consists of several lines, including the Conversion Line, Base Line, and Leading Span A and B. When these lines intersect or the price moves above or below the cloud, it can indicate potential trading opportunities. Additionally, the Average True Range (ATR) indicator can help beginners assess market volatility and set appropriate stop-loss levels. These indicators can provide beginners with valuable insights and help them make more informed trading decisions.

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