Which indicators can I apply on Kraken's live chart to make informed trading decisions in the cryptocurrency market?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to analyzing cryptocurrency price movements on Kraken's live chart, there are several indicators that can help you make more informed trading decisions. One popular indicator is the Moving Average (MA), which smooths out price data over a specific period of time to identify trends. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements to determine overbought or oversold conditions. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. Remember, no single indicator can guarantee success, so it's important to use a combination of indicators and consider other factors like market news and sentiment.
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• Dec 16, 2021 · 3 years ago
  Hey there! If you're looking to make better trading decisions in the cryptocurrency market using Kraken's live chart, there are a few indicators you can consider. One of them is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals and momentum shifts. Another popular indicator is the Ichimoku Cloud, which provides insights into support and resistance levels as well as trend direction. Don't forget about the Volume indicator, which can indicate the strength of price movements. Keep in mind that indicators are just tools, and it's important to combine them with your own analysis and risk management strategies.
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• Dec 16, 2021 · 3 years ago
  When it comes to analyzing cryptocurrency price movements on Kraken's live chart, BYDFi has developed a proprietary indicator called the Trend Strength Indicator (TSI). The TSI combines multiple technical indicators to provide a comprehensive view of the market trend and strength. It takes into account factors like moving averages, volume, and price patterns to help traders make more informed decisions. The TSI has been well-received by traders and has proven to be effective in identifying potential entry and exit points. However, it's important to note that no indicator is foolproof, and it's always recommended to do your own research and analysis before making any trading decisions.
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