What are the best techniques to draw on trading view for cryptocurrency analysis?

3 answers

• Feb 18, 2022 · 3 years ago
  One of the best techniques to draw on trading view for cryptocurrency analysis is to use trend lines. Trend lines can help identify support and resistance levels, as well as potential breakout points. Additionally, using indicators such as moving averages and oscillators can provide further insights into market trends and momentum. It's important to combine technical analysis tools with fundamental analysis to get a comprehensive understanding of the market.
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• Feb 18, 2022 · 3 years ago
  When it comes to drawing on trading view for cryptocurrency analysis, it's all about finding the right balance between simplicity and complexity. Start by drawing basic support and resistance lines to identify key levels. Then, consider adding more advanced tools like Fibonacci retracement levels and trend channels to further refine your analysis. Remember to always keep an eye on the overall market sentiment and news events that may impact the cryptocurrency market.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of drawing tools on trading view for cryptocurrency analysis. This includes trend lines, support and resistance levels, and various indicators. By utilizing these techniques, traders can gain valuable insights into market trends and make informed trading decisions. It's important to regularly update and adjust your drawings based on new price action and market developments.
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