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Which indicators on tradingview are most effective for analyzing cryptocurrency price movements?

avatarBobTheCoderDec 19, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to use TradingView to analyze price movements. Can you recommend the most effective indicators on TradingView for analyzing cryptocurrency price movements? I want to make informed trading decisions based on technical analysis. What indicators should I focus on?

Which indicators on tradingview are most effective for analyzing cryptocurrency price movements?
Cryptocurrency
Tradingview
Technical Analysis

3 answers

  • avatarDec 19, 2021 · 3 years ago
    As a cryptocurrency trader, I highly recommend using the Moving Average Convergence Divergence (MACD) indicator on TradingView. It helps identify potential trend reversals and provides buy and sell signals. Combine it with the Relative Strength Index (RSI) to confirm overbought or oversold conditions. Happy trading!
  • avatarDec 19, 2021 · 3 years ago
    When it comes to analyzing cryptocurrency price movements on TradingView, the Bollinger Bands indicator is a popular choice. It helps identify volatility and potential price breakouts. Don't forget to use the Volume indicator to confirm the strength of price movements. Good luck with your trading journey!
  • avatarDec 19, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using the Ichimoku Cloud indicator on TradingView for analyzing cryptocurrency price movements. It provides a comprehensive view of support and resistance levels, trend direction, and potential price breakouts. Give it a try and see how it can enhance your trading strategy!

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