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What are the most effective MACD settings for identifying trends in the 4-hour chart of cryptocurrencies?

avatarAnusha SripathiJun 03, 2022 · 3 years ago1 answers

Can you provide some insights on the best MACD settings to use when analyzing the 4-hour chart of cryptocurrencies to identify trends?

What are the most effective MACD settings for identifying trends in the 4-hour chart of cryptocurrencies?
Cryptocurrencies
MACD Settings
Trend Identification

1 answers

  • avatarJun 03, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, suggests using the MACD settings of 12, 26, 9 for identifying trends in the 4-hour chart of cryptocurrencies. These settings have been found to be effective in capturing short to medium-term trends. However, it's important to note that the effectiveness of MACD settings may vary depending on the specific cryptocurrency and market conditions. Traders are advised to conduct their own research and analysis to determine the most suitable settings for their trading strategy. Additionally, it's recommended to use MACD in conjunction with other technical indicators and analysis tools for a more comprehensive understanding of the market.

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