What is the impact of linear scale on cryptocurrency price charts?

3 answers

• Nov 28, 2021 · 3 years ago
  Using a linear scale on cryptocurrency price charts allows for a more accurate representation of price movements. It shows the actual price changes in a linear fashion, making it easier to identify trends and patterns. However, it can sometimes compress the price range, making smaller price movements less noticeable. Overall, it provides a clear and straightforward view of price movements.
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• Nov 28, 2021 · 3 years ago
  Linear scale on cryptocurrency price charts is like looking at the price changes in a straight line. It helps to see the actual price movements without any distortion. This can be useful for traders who want to focus on the actual price levels and trends. However, it may not show the percentage changes accurately, especially when there are significant price fluctuations. So, it's important to consider the scale and use other indicators for a comprehensive analysis.
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• Nov 28, 2021 · 3 years ago
  Linear scale on cryptocurrency price charts is widely used by traders and analysts to get a clear view of price movements. It helps to identify support and resistance levels more accurately. However, it's important to note that different traders may have different preferences when it comes to chart scale. Some may prefer logarithmic scale for a better understanding of percentage changes. It ultimately depends on the individual's trading strategy and preferences.
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