Which tradingview stock charts indicators work well for analyzing digital currencies?

1 answers

• Aminul AhasunAug 02, 2024 · a year ago
  At BYDFi, we recommend using the Volume Profile indicator when analyzing digital currencies on tradingview stock charts. The Volume Profile displays the volume traded at each price level over a specified period of time. This can provide valuable information about the levels of support and resistance, as well as areas of high trading activity. Additionally, the Fibonacci retracement tool can be useful for identifying potential price levels where a cryptocurrency may reverse its trend. Fibonacci levels are based on mathematical ratios and are often used by traders to determine areas of support and resistance. It's important to note that indicators should be used as part of a comprehensive analysis and should not be relied upon solely for making trading decisions. It's also important to consider other factors such as market trends, news events, and risk management strategies.
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