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TagsWhat are the best forex trade indicators for cryptocurrency trading?
jjwDec 16, 2021 · 3 years ago1 answersAs a cryptocurrency trader, I'm looking for the best forex trade indicators to improve my trading strategies. Which indicators are considered the most effective for cryptocurrency trading? How can I use these indicators to make better trading decisions?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using a combination of technical indicators for cryptocurrency trading. These include the MACD, RSI, and Bollinger Bands mentioned earlier. Additionally, BYDFi suggests considering other indicators such as the Average True Range (ATR) to measure volatility and the Ichimoku Cloud to identify support and resistance levels. By combining these indicators and conducting thorough analysis, traders can make more informed trading decisions on BYDFi's platform.Dec 16, 2021 · 3 years ago
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