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Which cryptocurrencies have shown a strong correlation with the Bollinger Bands indicator developed by John Bollinger?

avatarSumon BoseDec 18, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that have demonstrated a significant correlation with the Bollinger Bands indicator developed by John Bollinger? I am interested in understanding which cryptocurrencies tend to closely follow the Bollinger Bands patterns.

Which cryptocurrencies have shown a strong correlation with the Bollinger Bands indicator developed by John Bollinger?
Cryptocurrencies
Bollinger Bands
Correlation

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Certainly! Several cryptocurrencies have shown a strong correlation with the Bollinger Bands indicator. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the most notable ones. These cryptocurrencies often exhibit price movements that align closely with the upper and lower Bollinger Bands. Traders and investors often use this correlation to identify potential buying or selling opportunities.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are several cryptocurrencies that have a significant correlation with the Bollinger Bands indicator. Some of the other notable ones include Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA). These cryptocurrencies tend to follow the Bollinger Bands patterns quite closely, making them interesting assets to analyze for trading strategies.
  • avatarDec 18, 2021 · 3 years ago
    According to our analysis at BYDFi, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have shown a strong correlation with the Bollinger Bands indicator. These cryptocurrencies often exhibit price movements that align closely with the upper and lower Bollinger Bands. Traders and investors can use this information to make informed decisions based on the Bollinger Bands patterns.

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