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TagsHow to determine volatility of a cryptocurrency?
Maria José Oliveira GuimarãesDec 16, 2021 · 3 years ago1 answersCan you provide some insights on how to determine the volatility of a cryptocurrency? What factors should be considered and what tools or indicators can be used to analyze the volatility?
1 answers
- When it comes to determining the volatility of a cryptocurrency, it's essential to consider both technical and fundamental factors. From a technical perspective, analyzing the price charts and identifying patterns such as triangles, wedges, or double tops/bottoms can provide insights into potential volatility. Additionally, technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) can help assess the momentum and volatility of a cryptocurrency. On the other hand, fundamental factors such as the project's team, partnerships, and market demand for the cryptocurrency can also impact its volatility. It's important to stay updated with the latest news and developments in the cryptocurrency space to make informed decisions regarding volatility analysis.Dec 16, 2021 · 3 years ago
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