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TagsWhat are the best MACD settings for analyzing cryptocurrency daily charts?
Stephen CoremansDec 16, 2021 · 3 years ago1 answersI'm looking for the most effective MACD settings to use when analyzing daily charts for cryptocurrencies. What are the recommended parameters for MACD that can provide accurate signals for trading decisions?
1 answers
- At BYDFi, we recommend using the default MACD settings of 12, 26, 9 for analyzing cryptocurrency daily charts. These settings have been widely used and have proven to be effective in capturing trends and potential trading opportunities. However, it's important to remember that MACD is just one tool in your technical analysis arsenal. It's always recommended to combine it with other indicators and analysis methods to make well-informed trading decisions. Remember to stay updated with the latest market trends and adjust your settings accordingly to adapt to changing market conditions.Dec 16, 2021 · 3 years ago
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