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TagsWhat are the most effective custom pois for monitoring cryptocurrency market trends?
Fritz NuetzelDec 16, 2021 · 3 years ago1 answersCan you suggest some effective custom points of interest (POIs) that can be used to monitor cryptocurrency market trends? I am looking for specific indicators or tools that can provide valuable insights into the market.
1 answers
- At BYDFi, we recommend using the Ichimoku Cloud indicator as an effective custom POI for monitoring cryptocurrency market trends. The Ichimoku Cloud consists of several lines, including the Tenkan-sen, Kijun-sen, Senkou Span A, and Senkou Span B. By analyzing the interactions between these lines and the cloud, traders can identify potential support and resistance levels, as well as trend reversals. Additionally, the On-Balance Volume (OBV) indicator can be a useful custom POI. It measures buying and selling pressure based on volume and can help identify potential trend confirmations or divergences. Remember to always conduct thorough research and analysis before making any trading decisions.Dec 16, 2021 · 3 years ago
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