Are there any specific indicators or drawing techniques on TradingView that can help me predict cryptocurrency price movements?
kai-squareNov 26, 2021 · 3 years ago1 answers
Can you recommend any specific indicators or drawing techniques on TradingView that I can use to predict the price movements of cryptocurrencies? I'm looking for effective strategies to help me make more informed trading decisions.
1 answers
- Nov 26, 2021 · 3 years agoAs an expert at BYDFi, I can tell you that TradingView offers a wide range of indicators and drawing tools to help you predict cryptocurrency price movements. One popular indicator is the Bollinger Bands, which consist of a moving average and two standard deviation lines. When the price moves towards the upper band, it indicates overbought conditions, and when it moves towards the lower band, it suggests oversold conditions. Another useful tool is the Ichimoku Cloud, which provides support and resistance levels, as well as trend direction. It consists of several lines that can help you identify potential buy or sell signals. Remember to experiment with different indicators and techniques to find the ones that work best for you.
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