What are the best trading view indicators for analyzing cryptocurrency trends?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator for analyzing cryptocurrency trends. The Bollinger Bands consist of three lines: the upper band, the lower band, and the middle band. The upper and lower bands are based on the standard deviation of price movements, and the middle band is a simple moving average. When the price touches the upper band, it may indicate that the cryptocurrency is overbought and due for a correction. When the price touches the lower band, it may indicate that the cryptocurrency is oversold and due for a rebound. Traders often look for price breakouts or bounces off the bands as potential trading opportunities.
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