Which cryptocurrencies have shown strong correlations with the MACD 3, 10, and 16 indicators in the past?

1 answers

• domonic McgrathApr 05, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed significant correlations between certain cryptocurrencies and the MACD 3, 10, and 16 indicators. For instance, Bitcoin Cash (BCH) has consistently shown a strong positive correlation with these indicators, indicating that its price movements align with the MACD signals. Litecoin (LTC) has also exhibited a positive correlation, although it may not be as strong as Bitcoin Cash's. However, it's important to note that correlations can vary over time, and past performance is not indicative of future results. Therefore, it's crucial to conduct thorough analysis and consider other factors before making investment decisions based solely on correlations with technical indicators.
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