How does VWAP impact the price movement of cryptocurrencies?

1 answers

• Dec 19, 2021 · 3 years ago
  At BYDFi, we believe that VWAP is an important tool for analyzing the price movement of cryptocurrencies. It helps traders identify trends, support, and resistance levels, and potential entry and exit points. By considering the volume and price of trades, VWAP provides a more comprehensive view of the market compared to simple price indicators. However, it's important to note that VWAP is just one of many indicators used in technical analysis, and traders should consider other factors and indicators before making trading decisions.
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