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Which cryptocurrencies are commonly analyzed using volume shelf on TradingView?

avatarKrishnenduNov 24, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that are commonly analyzed using the volume shelf feature on TradingView? I'm interested in knowing which cryptocurrencies traders often use this tool for and how it helps them in their analysis.

Which cryptocurrencies are commonly analyzed using volume shelf on TradingView?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Certainly! The volume shelf feature on TradingView is commonly used to analyze the trading volume of various cryptocurrencies. Some of the popular cryptocurrencies that traders often analyze using this tool include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). By using the volume shelf, traders can gain insights into the buying and selling pressure in the market, identify potential support and resistance levels, and make informed trading decisions. It's a valuable tool for technical analysis and can be used across different timeframes.
  • avatarNov 24, 2021 · 3 years ago
    When it comes to analyzing cryptocurrencies using the volume shelf on TradingView, there are several options that traders commonly focus on. Bitcoin (BTC), being the largest and most widely traded cryptocurrency, is often analyzed using this tool. Other popular cryptocurrencies that traders frequently analyze using the volume shelf include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have significant trading volumes and are actively traded on various exchanges, making them suitable for analysis using the volume shelf feature on TradingView.
  • avatarNov 24, 2021 · 3 years ago
    As an expert in the field, I can tell you that the volume shelf feature on TradingView is widely used by traders to analyze the trading volume of various cryptocurrencies. While Bitcoin (BTC) is the most commonly analyzed cryptocurrency using this tool, other popular cryptocurrencies such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) are also frequently analyzed. Traders use the volume shelf to identify significant levels of buying and selling activity, which can provide insights into market trends and potential price movements. It's a valuable tool for technical analysis and can be applied to different cryptocurrencies.