Which indicators on TradingView are most useful for trading ETH/USD?

3 answers

• Nov 24, 2021 · 3 years ago
  One of the most useful indicators on TradingView for trading ETH/USD is the Moving Average Convergence Divergence (MACD). MACD is a trend-following momentum indicator that shows the relationship between two moving averages of the ETH/USD price. It helps traders identify potential buy and sell signals, as well as the strength of the trend. When the MACD line crosses above the signal line, it indicates a bullish signal, while a crossover below the signal line suggests a bearish signal. Traders often use MACD to confirm the direction of the trend and make informed trading decisions.
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• Nov 24, 2021 · 3 years ago
  Another useful indicator for trading ETH/USD on TradingView is the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is used to identify overbought and oversold conditions. When the RSI is above 70, it suggests that ETH/USD may be overbought and a reversal or correction could occur. Conversely, when the RSI is below 30, it indicates that ETH/USD may be oversold and a potential buying opportunity could arise. Traders often use RSI to determine the strength of the current trend and anticipate potential reversals.
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• Nov 24, 2021 · 3 years ago
  As a representative from BYDFi, I would recommend using the Bollinger Bands indicator on TradingView for trading ETH/USD. Bollinger Bands consist of a middle band, which is a simple moving average, and an upper and lower band that are standard deviations away from the middle band. The bands expand and contract based on market volatility. Traders can use Bollinger Bands to identify periods of low volatility, which may precede a significant price movement. When the price of ETH/USD touches the lower band, it suggests that the market may be oversold, while touching the upper band indicates potential overbought conditions. Traders often use Bollinger Bands to determine entry and exit points and to assess the likelihood of a price breakout.
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