What are the best lagging indicators to use for analyzing cryptocurrency trends?

1 answers

• SmarleyMar 11, 2022 · 3 years ago
  At BYDFi, we recommend using the moving average convergence divergence (MACD) as one of the best lagging indicators for analyzing cryptocurrency trends. The MACD is a versatile indicator that combines moving averages and provides insights into both trend strength and potential trend reversals. Traders often look for bullish or bearish crossovers between the MACD line and the signal line to identify buying or selling opportunities. Additionally, the MACD histogram can indicate the momentum of price movements. However, like other lagging indicators, the MACD should be used in conjunction with other analysis techniques to confirm signals and avoid false positives.
  669

  335