What are the best auto support and resistance indicator tools for trading cryptocurrencies on TradingView?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One of the best auto support and resistance indicator tools for trading cryptocurrencies on TradingView is the 'Pivot Points' indicator. It automatically calculates and plots support and resistance levels based on the previous day's price action. This can be a valuable tool for identifying potential entry and exit points in your trades.
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• May 01, 2022 · 3 years ago
  In my experience, the 'Fibonacci Retracement' tool on TradingView is also a great option for identifying support and resistance levels. It uses Fibonacci ratios to determine key levels where price may reverse or consolidate. Just make sure to adjust the tool to fit the specific cryptocurrency you're trading, as different assets may have different price patterns.
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• May 01, 2022 · 3 years ago
  I've heard good things about the 'BYDFi Support and Resistance' indicator on TradingView. It's designed specifically for cryptocurrency trading and uses advanced algorithms to automatically identify support and resistance levels. It can be a useful tool for both beginner and experienced traders. Give it a try and see if it works for you!
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