What are the best trading indicators for tradingview in the cryptocurrency market?

4 answers

• Muhammad Fajrin AljabarJun 14, 2023 · 2 years ago
  One of the best trading indicators for cryptocurrency on TradingView is the Moving Average Convergence Divergence (MACD). It helps traders identify trend reversals, bullish or bearish market conditions, and potential entry or exit points. By analyzing the relationship between two moving averages, the MACD provides valuable insights into price momentum and divergence.
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• Ahh doNov 13, 2022 · 3 years ago
  Another popular trading indicator for cryptocurrency on TradingView is the Relative Strength Index (RSI). The RSI measures the speed and change of price movements, indicating overbought or oversold conditions. Traders often use the RSI to identify potential trend reversals and confirm the strength of a particular cryptocurrency's price movement.
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• SosoFeb 15, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator on TradingView. Bollinger Bands consist of a middle band (usually a simple moving average) and upper and lower bands that represent standard deviations from the middle band. Traders can use Bollinger Bands to identify volatility, price levels, and potential breakout opportunities.
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• melonoyDec 31, 2021 · 4 years ago
  When it comes to trading indicators for cryptocurrency on TradingView, the Ichimoku Cloud is worth mentioning. This indicator provides a comprehensive view of support and resistance levels, trend direction, and potential entry or exit points. It incorporates multiple lines and a cloud area, making it a versatile tool for technical analysis.
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