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Which cryptocurrencies have shown a strong correlation with MACD indicators on tradingview?

avatarErryl Crespo FelixDec 16, 2021 · 3 years ago3 answers

I am looking for cryptocurrencies that have demonstrated a significant correlation with MACD indicators on TradingView. Can you provide some insights on which cryptocurrencies have shown a strong correlation with MACD indicators? I am particularly interested in understanding the relationship between MACD indicators and cryptocurrencies in order to make informed trading decisions.

Which cryptocurrencies have shown a strong correlation with MACD indicators on tradingview?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    MACD indicators have shown a strong correlation with cryptocurrencies such as Bitcoin, Ethereum, and Ripple. These cryptocurrencies have exhibited consistent patterns in relation to MACD indicators, making them popular choices for traders who rely on technical analysis. It's important to note that correlation does not imply causation, and other factors should be considered when making trading decisions. However, the correlation between MACD indicators and these cryptocurrencies can provide valuable insights for traders.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to MACD indicators on TradingView, some cryptocurrencies that have shown a strong correlation include Bitcoin, Ethereum, Litecoin, and Cardano. These cryptocurrencies have demonstrated consistent movements in line with MACD indicators, making them attractive options for traders who use technical analysis. It's worth noting that correlation does not guarantee future performance, and additional research is always recommended before making any investment decisions.
  • avatarDec 16, 2021 · 3 years ago
    Based on my experience at BYDFi, I have observed that cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin have shown a strong correlation with MACD indicators on TradingView. These cryptocurrencies have consistently followed the signals provided by MACD indicators, making them popular choices for traders who rely on technical analysis. However, it's important to conduct thorough research and consider other factors before making any trading decisions.