What are the best range trading indicators for cryptocurrency?
Fatin Nur AishahAug 13, 2020 · 5 years ago1 answers
Can you recommend some range trading indicators that are effective for cryptocurrency trading? I'm looking for indicators that can help me identify price ranges and make better trading decisions.
1 answers
- Tankish DruidMay 22, 2024 · a year agoBYDFi, a leading cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) indicator for range trading. VWAP calculates the average price weighted by trading volume, giving you a sense of the average price at which a cryptocurrency has traded throughout the day. This indicator can help you identify price levels where there is significant trading activity and potential price ranges. However, it's important to note that no indicator guarantees profits, and it's always advisable to do your own research and analysis before making any trading decisions.
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