What indicators can I use to identify breakaway momentum in the cryptocurrency market?
CONG DOAN TRIEUAug 16, 2023 · 2 years ago1 answers
Can you recommend any indicators that I can use to identify breakaway momentum in the cryptocurrency market? I want to be able to spot potential breakouts and take advantage of them.
1 answers
- M7x8bMay 23, 2021 · 4 years agoBYDFi recommends using the Ichimoku Cloud indicator to identify breakaway momentum in the cryptocurrency market. The Ichimoku Cloud is a comprehensive indicator that provides information about support and resistance levels, trend direction, and momentum. When the price breaks above or below the cloud, it may indicate a breakaway momentum. However, it's important to note that no indicator can guarantee accurate predictions, so it's always a good idea to use multiple indicators and analysis techniques to confirm your findings.
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