The OBV is a cumulative indicator that rises and falls based on the trading volume of the days included within a specific period. It is used to confirm trends, as when looking at live crypto charts traders should see rising prices accompanied by a rising OBV. Falling prices should be accompanied by a falling OBV.
How do you read a crypto candle chart?
https://www.youtube.com/watch?v=4S4N6-fVvk0
What is the best indicator for cryptocurrency?
Some of the best technical indicators for trading include Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands, and On Balance Volume (OBV), which we'll look at in this article.10 Nov 2021
What should I look for in a crypto chart?
Understanding support and resistance are one of the most crucial parts of reading a crypto chart. Support levels in charts refer to a price level that the asset does not fall below for a fixed period. In contrast, resistance level refers to the price at which the asset is not expected to rise any higher.
Is there a live crypto chart?
Our professional live cryptocurrency chart gives you in depth look at hundreds of cryptocurrencies. You can change the appearance of the chart by varying the time scale, zooming into different sections and adding new studies or indicators.
Where can I get free crypto charts?
- CryptoWatch - Freemium. CryptoWatch is the most popular free crypto charting software.
- TradingView - Freemium. TradingView is the most popular paid crypto charting platform.
- ExoCharts - Paid (Free trial)
- Coinigy - Freemium.
How do you predict the cryptocurrency market?
- The coin's market capitalisation.
- Circulating supply and total supply of tokens.
- Token utility and use cases.
- Community size a significant metric for achieving wider adoption of cryptocurrencies.
Which moving average is best for cryptocurrency?
Long-term traders and HODLers should use an EMA of 50–200 days to identify the long-term price direction in cryptocurrency trading. On the other hand, the short-term trend is suitable for opening trades.2 Nov 2021
How do you identify trends in crypto?
- upward (bullish) trend, when the chart shows a sequence of higher highs and lows,
- downward (bearish) trend, with a series of lower lows and highs,
- horizontal, also called as sideways trend or flat, when the price of an asset does not experience sharp jumps and falls.