What are the top support resistance indicators on tradingview that are suitable for analyzing digital assets?

3 answers

• Clements HayMar 13, 2024 · a year ago
  Sure! One of the top support resistance indicators on TradingView for analyzing digital assets is the 'Pivot Points' indicator. This indicator calculates key support and resistance levels based on the previous day's high, low, and close prices. It can be used to identify potential reversal points or areas of strong support and resistance. Another popular indicator is the 'Fibonacci Retracement' tool, which uses Fibonacci ratios to identify support and resistance levels. This tool is widely used by traders to determine potential price targets and entry/exit points. Additionally, the 'Volume Profile' indicator can also be helpful in analyzing support and resistance levels. It displays the volume traded at different price levels, which can indicate areas of high buying or selling pressure. These are just a few examples, but there are many other support resistance indicators available on TradingView that you can explore and experiment with.
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• Puggaard MccallSep 15, 2023 · 2 years ago
  When it comes to support resistance indicators on TradingView for analyzing digital assets, one popular choice is the 'Ichimoku Cloud' indicator. This indicator not only identifies support and resistance levels but also provides insights into trend direction and momentum. It consists of several lines and a cloud-like area on the price chart, which can help traders identify potential support and resistance zones. Another useful indicator is the 'Moving Average' tool, which is commonly used to identify dynamic support and resistance levels. By plotting the average price over a specific period, it can smooth out price fluctuations and reveal key levels of support and resistance. Lastly, the 'Bollinger Bands' indicator can also be effective in analyzing support and resistance. It consists of three lines that envelope the price chart, indicating areas of potential support and resistance based on volatility. These indicators can be a great starting point for analyzing digital assets on TradingView.
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• tardishwhoshJul 30, 2022 · 3 years ago
  As an expert in the field, I highly recommend using the 'BYDFi Support Resistance Indicator' on TradingView for analyzing digital assets. This indicator is specifically designed for the cryptocurrency market and has been developed by the team at BYDFi, a leading digital asset exchange. It utilizes advanced algorithms to identify key support and resistance levels based on historical price data and market trends. The BYDFi Support Resistance Indicator also provides real-time updates and alerts, allowing traders to stay informed about potential trading opportunities. With its user-friendly interface and customizable settings, this indicator is suitable for both beginner and experienced traders. Give it a try and see how it can enhance your analysis of digital assets on TradingView!
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