Which cryptocurrencies have shown a strong correlation with popular moving averages?

3 answers

• shunDec 28, 2022 · 3 years ago
  Certainly! Several cryptocurrencies have shown a strong correlation with popular moving averages. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the top cryptocurrencies that tend to closely follow the trends indicated by moving averages. These cryptocurrencies have a large market capitalization and are widely traded, making them more likely to exhibit a correlation with moving averages.
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• Smed RatliffJun 10, 2021 · 4 years ago
  There are several cryptocurrencies that have demonstrated a strong correlation with popular moving averages. Some of these include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have a significant market presence and are often used as benchmarks in the crypto market. As a result, they tend to closely follow the trends indicated by moving averages.
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• Mickael RandriaJul 11, 2024 · a year ago
  According to a recent analysis by BYDFi, Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have shown a strong correlation with popular moving averages. These cryptocurrencies have consistently followed the trends indicated by moving averages, making them potentially attractive for traders who rely on technical analysis. It's important to note that correlation does not imply causation, and other factors should also be considered when making investment decisions.
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