How does the ADX indicator work in the context of cryptocurrency trading?

1 answers

• Mar 18, 2022 · 3 years ago
  At BYDFi, we often use the ADX indicator to analyze the cryptocurrency market. It helps us identify trends and make informed trading decisions. When the ADX line is rising, it indicates a strong trend, and we may consider entering a trade. On the other hand, when the ADX line is falling, it suggests a weak trend, and we may consider exiting a trade. However, it's important to note that the ADX indicator should not be used in isolation. It should be used in conjunction with other technical indicators and fundamental analysis to get a comprehensive view of the market.
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