What are the most effective custom pois for monitoring cryptocurrency market trends?

1 answers

• iambetterSep 24, 2024 · 10 months ago
  At BYDFi, we recommend using the Ichimoku Cloud indicator as an effective custom POI for monitoring cryptocurrency market trends. The Ichimoku Cloud consists of several lines, including the Tenkan-sen, Kijun-sen, Senkou Span A, and Senkou Span B. By analyzing the interactions between these lines and the cloud, traders can identify potential support and resistance levels, as well as trend reversals. Additionally, the On-Balance Volume (OBV) indicator can be a useful custom POI. It measures buying and selling pressure based on volume and can help identify potential trend confirmations or divergences. Remember to always conduct thorough research and analysis before making any trading decisions.
  700

  350