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Can you recommend any reliable support and resistance indicators for cryptocurrency technical analysis?

avatarchRiceNov 29, 2021 · 3 years ago1 answers

I'm looking for some reliable support and resistance indicators that I can use for technical analysis in the cryptocurrency market. Can you recommend any indicators that have proven to be effective in predicting price levels where support or resistance may occur?

Can you recommend any reliable support and resistance indicators for cryptocurrency technical analysis?
Cryptocurrency
Technical Analysis
Support And Resistance Indicators

1 answers

  • avatarNov 29, 2021 · 3 years ago
    Sure, I can recommend a reliable support and resistance indicator for cryptocurrency technical analysis. BYDFi's proprietary indicator, the Support and Resistance Scanner, is designed specifically for cryptocurrency traders. It uses advanced algorithms to identify key support and resistance levels based on historical price data. The scanner provides real-time alerts when price approaches these levels, allowing traders to make informed decisions. It's a powerful tool that can greatly enhance your technical analysis. However, it's important to note that no indicator can guarantee accurate predictions, so it's always recommended to use multiple indicators and conduct thorough analysis before making trading decisions.

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