How can I effectively use tradingview price scale to analyze cryptocurrency trends?

3 answers

• Apr 30, 2022 · 3 years ago
  Sure! The price scale on tradingview is a powerful tool that allows you to analyze the price movements of cryptocurrencies. By adjusting the scale, you can zoom in or out to get a better view of the price action. This can help you identify trends, support and resistance levels, and potential entry and exit points for your trades. It's important to understand that the price scale is logarithmic, which means that equal percentage changes are represented by equal vertical distances on the scale. This is especially useful for analyzing cryptocurrencies, as they can have significant price fluctuations. So, make sure to use the price scale effectively to gain insights into cryptocurrency trends and make informed trading decisions.
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• Apr 30, 2022 · 3 years ago
  Using the tradingview price scale to analyze cryptocurrency trends is all about finding patterns and understanding market sentiment. By adjusting the scale, you can zoom in to see the finer details or zoom out to get a broader perspective. This can help you identify key levels of support and resistance, trend lines, and chart patterns such as triangles, head and shoulders, and double tops or bottoms. Additionally, you can use indicators and overlays on tradingview to further enhance your analysis. Remember, the price scale is just one tool in your arsenal, so it's important to combine it with other technical analysis techniques and fundamental research to make well-informed trading decisions.
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• Apr 30, 2022 · 3 years ago
  When it comes to analyzing cryptocurrency trends using the tradingview price scale, BYDFi has some great features that can assist you. With BYDFi, you can easily customize the price scale to suit your preferences and trading style. You can adjust the scale to logarithmic or linear, depending on your needs. Additionally, BYDFi offers a wide range of indicators and drawing tools that can help you analyze cryptocurrency trends more effectively. So, if you're looking for a comprehensive platform to analyze cryptocurrency trends using the tradingview price scale, BYDFi is definitely worth considering.
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