What is the best support resistance indicator for tradingview in the cryptocurrency market?

3 answers

• PREDCONEMar 24, 2024 · a year ago
  As an expert in the cryptocurrency market, I highly recommend using the Fibonacci retracement indicator on tradingview. This indicator is widely used by traders to identify potential support and resistance levels based on Fibonacci ratios. It provides a visual representation of key levels that can help you make informed trading decisions. Give it a try and see how it works for you!
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• GoujeFeb 22, 2022 · 3 years ago
  Well, there's no one-size-fits-all answer to this question. Different traders have different preferences when it comes to support resistance indicators. However, one popular choice among cryptocurrency traders is the Moving Average indicator. It can help you identify dynamic support and resistance levels by smoothing out price data over a specific period of time. Give it a shot and see if it suits your trading style!
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• Sibi SudhanJun 29, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, has developed its own support resistance indicator called BYD Indicator. It's specifically designed for tradingview and provides accurate support and resistance levels based on advanced algorithms. Many traders have found it to be highly effective in the cryptocurrency market. You can give it a try and see if it works for you. Happy trading!
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