What is the best indicator on TradingView for predicting cryptocurrency price movements with accuracy?

3 answers

• May 07, 2022 · 3 years ago
  As an expert in cryptocurrency trading, I highly recommend using the Moving Average Convergence Divergence (MACD) indicator on TradingView. It is a popular and widely used indicator that can effectively predict price movements. The MACD calculates the difference between two moving averages, providing traders with valuable insights into the market trend. It is a versatile indicator that can be used for various timeframes and cryptocurrencies. Give it a try and see how it works for you!
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• May 07, 2022 · 3 years ago
  In my experience, the Relative Strength Index (RSI) is one of the best indicators on TradingView for predicting cryptocurrency price movements accurately. The RSI measures the speed and change of price movements and helps identify overbought or oversold conditions. It is a great tool for determining potential trend reversals and entry/exit points. Remember to use it in conjunction with other indicators and conduct thorough analysis before making any trading decisions.
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• May 07, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests using the Bollinger Bands indicator on TradingView for accurate price predictions. Bollinger Bands consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. When the price moves close to the upper band, it indicates overbought conditions, while prices near the lower band suggest oversold conditions. This indicator helps traders identify potential price reversals and market volatility. Give it a try and see if it suits your trading strategy!
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