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What are the most reliable indicators for tradingview technical analysis in the cryptocurrency market?

avatarDayal RawalDec 18, 2021 · 3 years ago3 answers

I'm looking for the best indicators to use on TradingView for technical analysis in the cryptocurrency market. Which indicators are considered the most reliable and effective for analyzing cryptocurrency price movements?

What are the most reliable indicators for tradingview technical analysis in the cryptocurrency market?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    One of the most reliable indicators for technical analysis in the cryptocurrency market is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another reliable indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator is commonly used to identify overbought or oversold conditions. These indicators, when used in combination, can provide valuable insights for cryptocurrency trading strategies.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to reliable indicators for trading cryptocurrencies on TradingView, you can't go wrong with the MACD and RSI. These indicators have stood the test of time and are widely used by traders. The MACD helps identify changes in momentum, while the RSI indicates overbought or oversold conditions. By combining these indicators with other technical analysis tools, you can make more informed trading decisions.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I can tell you that the most reliable indicators for technical analysis on TradingView are the MACD, RSI, and Bollinger Bands. These indicators have proven to be effective in analyzing price movements and identifying potential entry and exit points. However, it's important to note that no indicator is foolproof, and it's always recommended to use multiple indicators and conduct thorough research before making any trading decisions.