2021-11-11 11:49:26
Technical Analysis Indicators For Crypto Trading1.
Relative Strength Index (RSI)RSI was one of the first indicators that I learnt how to use, and by using it without any other indicator, I was able to generate profit.
RSI indicates if a coin is in overbuy or oversell, allowing you to make better entry decisions.
2.
Moving AveragesMoving Averages (from here on mentioned as “MA”) are what I consider to be an essential indicator. It mainly indicates the presence of a trend, but you can also use it to plan entry and exit points (when more than one MA is used).
There are 2 types of MA’s :
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
3.
MACDMoving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
4.
Bollinger BandsA Bollinger Band is a technical analysis tool defined by a set of trend-lines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security’s price, but which can be adjusted to user preferences.
There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.
Always combine technical analysis with fundamental analysis.@CryptoGold_News
4.3K viewsedited 08:49