How can I use TradingView to analyze the SHIB/USD trading pair?

1 answers

• Dec 17, 2021 · 3 years ago
  Sure thing! TradingView is a popular platform for analyzing cryptocurrency trading pairs like SHIB/USD. Here's a simple guide to using TradingView for your analysis: 1. Open TradingView and search for SHIB/USD in the search bar. 2. Select the SHIB/USD trading pair from the search results. 3. Choose your desired time frame, such as 1 hour, 4 hours, or daily. 4. Explore the available technical indicators and add them to your chart. Some commonly used indicators for cryptocurrency analysis include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. 5. Use the drawing tools to mark important support and resistance levels, trendlines, and chart patterns. 6. Analyze the price movements and patterns on the chart to identify potential entry and exit points. 7. Customize your chart layout and settings to suit your preferences. Remember, TradingView is just a tool, and it's important to combine technical analysis with other forms of analysis, such as fundamental analysis and market research, to make well-informed trading decisions. Happy analyzing!
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