What are the best indicators to use on TradingView for XLM trading?
Pravin ChaudharyMay 08, 2022 · 3 years ago1 answers
I'm new to trading XLM on TradingView and I'm wondering what indicators would be the most effective to use. Can you recommend the best indicators to use for XLM trading on TradingView? I want to make informed trading decisions and maximize my profits.
1 answers
- May 08, 2022 · 3 years agoAt BYDFi, we recommend using a combination of indicators for XLM trading on TradingView. Some of the indicators that our traders find helpful include the Stochastic Oscillator, which measures overbought and oversold conditions, and the Fibonacci retracement tool, which helps identify potential support and resistance levels. Additionally, the Parabolic SAR can be useful in determining trend direction and potential reversal points. It's important to note that indicators should be used as a tool to support your trading decisions, and it's always a good idea to combine them with other forms of analysis and market research.
Related Tags
Hot Questions
- 99
How does cryptocurrency affect my tax return?
- 95
What are the advantages of using cryptocurrency for online transactions?
- 93
How can I buy Bitcoin with a credit card?
- 63
What are the best practices for reporting cryptocurrency on my taxes?
- 43
What are the best digital currencies to invest in right now?
- 38
What are the tax implications of using cryptocurrency?
- 19
What is the future of blockchain technology?
- 18
Are there any special tax rules for crypto investors?