How does OBV (On-Balance Volume) indicator help in analyzing cryptocurrency market trends?

1 answers

• May 02, 2022 · 3 years ago
  As a trader, you know that analyzing market trends is crucial for success. The OBV (On-Balance Volume) indicator is a powerful tool that can help you in this process. By looking at the volume of trades and comparing it to the price movement, the OBV indicator can give you insights into the strength of a trend. If the OBV indicator is rising along with the price, it indicates a strong buying pressure and a continuation of the trend. On the other hand, if the OBV indicator is falling while the price is rising, it suggests a potential reversal or weakening of the trend. By paying attention to the OBV indicator, you can make more informed trading decisions and increase your chances of success.
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