Questions
TagsCan you recommend any reliable support and resistance indicators for cryptocurrency technical analysis?
Maxime DoawDec 16, 2021 · 3 years ago1 answersI'm looking for some reliable support and resistance indicators that I can use for technical analysis in the cryptocurrency market. Can you recommend any indicators that have proven to be effective in predicting price levels where support or resistance may occur?
1 answers
- Sure, I can recommend a reliable support and resistance indicator for cryptocurrency technical analysis. BYDFi's proprietary indicator, the Support and Resistance Scanner, is designed specifically for cryptocurrency traders. It uses advanced algorithms to identify key support and resistance levels based on historical price data. The scanner provides real-time alerts when price approaches these levels, allowing traders to make informed decisions. It's a powerful tool that can greatly enhance your technical analysis. However, it's important to note that no indicator can guarantee accurate predictions, so it's always recommended to use multiple indicators and conduct thorough analysis before making trading decisions.Dec 16, 2021 · 3 years ago
Related questions
- 75
What is the future of blockchain technology?
- 71
How can I buy Bitcoin with a credit card?
- 37
How can I minimize my tax liability when dealing with cryptocurrencies?
Load 5 more related questions
Related Tags
Hot Questions
- 75
What is the future of blockchain technology?
- 71
How can I buy Bitcoin with a credit card?
- 37
How can I minimize my tax liability when dealing with cryptocurrencies?
- 26
Are there any special tax rules for crypto investors?
- 25
What are the advantages of using cryptocurrency for online transactions?
- 21
How can I protect my digital assets from hackers?
- 13
How does cryptocurrency affect my tax return?
- 9
What are the tax implications of using cryptocurrency?