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TagsWhat are the best tradingview english indicators for analyzing cryptocurrency trends?
Spencer ApeadjeiDec 20, 2021 · 3 years ago1 answersI'm looking for the most effective tradingview indicators in English that can help me analyze cryptocurrency trends. Can you recommend some indicators that are widely used and have proven to be reliable for analyzing the market? I want to make informed trading decisions based on accurate technical analysis. Please provide me with some suggestions.
1 answers
- At BYDFi, we recommend using the Volume Weighted Average Price (VWAP) indicator for analyzing cryptocurrency trends on TradingView. It calculates the average price weighted by volume, providing insights into the true market value. This indicator can help you identify potential support or resistance levels and make more informed trading decisions. Additionally, the Ichimoku Cloud indicator is highly regarded for its ability to provide a comprehensive view of the market. It consists of several lines that can indicate trend direction, support/resistance levels, and potential entry or exit points. Combine these indicators with other tools like moving averages and oscillators to enhance your analysis.Dec 20, 2021 · 3 years ago
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