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10 Best Technical Indicators for Crypto Trading in 2024

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Technical indicators help crypto investors make informed trading decisions. Crypto exchange trading charts provide technical indicators as toggle-on options to help you see the big picture when trading. These popular technical indicators — with often up to 100 or more to choose from — are suitable for both short and long-term trading, with each providing specific insights.

Is the token oversold? Is it ready to break out to new all-time highs? Whatever you need to know before making a trade, there’s an indicator to help guide your trades.

Indicators can reveal everything from volume and volatility to price averages and market momentum. The good news is that you won’t need to study 100+ indicators before making a simple Bitcoin trade. This guide reveals the 10 best crypto indicators to use in 2024. Let’s learn how Simple Moving Averages, RSI, MACD, and other must-have indicators can help make your trades more profitable.

List of The Best Indicators for Crypto Trading


We’ve summarized the 10 best crypto indicators below:

  1. Simple Moving Averages (SMA) – Best for discovering trend directions based on historical averages
  2. Relative Strength Index (RSI) – Best for assessing whether a crypto pair is overbought or oversold
  3. Fibonacci Retracement – Best for evaluating key support and resistance levels for any crypto market
  4. Moving Average Convergence Divergence (MACD) – Best for understanding the relationship between two moving averages
  5. Volume Indicator – Best for gaining insights into the strength of a pricing trend based on volume
  6. Stochastic Oscillator – Best for generating bullish and bearish signals based on buying and selling pressures
  7. Bollinger Bands – Best for analyzing volatility via relative high and low prices
  8. Parabolic SAR – Best for finding potential entry and exit points for an impending reversal
  9. Average Directional Index (ADX) – Best for calculating the strength of an existing market trend
  10. On-Balance Volume (OBV) – Best for predicting crypto price changes via volume flows

The Best Technical Crypto Indicators for Trading Reviewed


Technical indicators explain the data behind the trades on the chart. They might compare historical price and volume or identify support levels. These tools can help remove the emotion from trading by helping you understand why the chart is moving in a certain direction and what’s most likely to happen next.

This makes indicators especially helpful to newer traders who often lose money buying tops and selling bottoms. The right indicators can change your trading performance instantly. There’s a proper tool for every job and an indicator to inform nearly every aspect of trading.

Below, we review the best indicators for crypto trading and explain when and where you might want to use each. Let’s learn what each indicator measures and how to trade based on the clues it reveals.

1. Simple Moving Averages (SMA) – Best for Discovering Trend Directions Based on Historical Averages

One of the best crypto trading indicators for beginners is Simple Moving Averages (SMA). In a nutshell, the SMA evaluates the average price of a cryptocurrency over a certain time frame. Short-term traders usually focus on the 5- or 10-day average, while swing traders prefer the 20- or 50-day averages. Long-term investors typically focus on the 100 or 200-day average.

The SMA helps investors determine whether the price direction is bullish or bearish by showing the price relative to the moving average on the chart.

For example, suppose you’re a swing trader using the 50-day SMA. The indicator shows that over the prior 50 days, the average price of Bitcoin was $62,500.

Simple Moving Averages for Bitcoin

Today, Bitcoin is trading at $65,000. The current price is above the 50-day average, meaning a bullish trend could be imminent. Conversely, suppose Bitcoin is currently trading at $58,000. This is below the 50-day SMA, so the reading could be a bearish indicator.

Often, a more helpful way to use SMA indicators is with crossovers. For example, when the price crosses above the 50-day SMA, that often indicates a bullish move. However, you’ll want to look at other indicators as well.

News or outside events can also cause dramatic price moves in crypto trading, pushing the price above or below SMA lines. Like many technical readings, it’s best to use the SMA alongside other indicators. This can provide additional confirmation and help filter out potential noise in the price charts.

Why Should You Use Simple Moving Averages?

  • Discover price trends by comparing current prices against historical averages.
  • Identify key trading levels, such as the 200-day SMA for long-term trades.
  • Target short-term support levels using the 5 or 10-day SMA.
  • Simple Moving Averages are easy to use, making them ideal for newer traders.

2. Relative Strength Index (RSI) – Best for Assessing Whether a Crypto Pair is Overbought or Oversold

The Relative Strength Index (RSI) is also among the best crypto indicators for beginners. It’s a momentum oscillator that analyzes the speed and velocity of specific price movements. In essence, RSI looks at whether the price moves to the upside or downside are too large.

Excited traders can create overbought and oversold conditions, which are likely to retrace. Similarly, frenzied selling can be overdone. RSI looks for overbought or oversold conditions that suggest a reversal in price direction. If you read the RSI tea leaves correctly, you can make your trade before the expected correction. Oversold? Consider buying. Overbought? Consider taking profits and buying back later.

RSI readings range from 0 to 100. The general rule of thumb is that the crypto pair is overbought if the RSI is above 70. This means that the cryptocurrency you’re trading could be about to see a price correction; a brief selloff may be imminent.

Relative Strength Index (RSI) for Bitcoin

On the other hand, if the RSI is below 30, then the crypto pair could be oversold. In most cases, this suggests a bounce. Although the RSI comes with multiple time frames, the most commonly used is 14 days. This ensures that RSI readings are based on recent performance.

RSI also allows backtesting. Look for spikes above or strong dips below the RSI trendline. Match those up with spikes and dips on the price chart. You’ll see a pattern you can use to quickly identify oversold patterns in the future.

Why Should You Use the Relative Strength Index?

  • RSI is the leading momentum indicator for assessing the speed and velocity of price movements.
  • A quick glance helps determine whether a crypto pair is overbought or oversold.
  • The Relative Strength Index allows you to predict likely price reversals before they happen.

3. Fibonacci Retracement – Best for Evaluating Key Support and Resistance Levels for any Crypto Market

The Fibonacci Retracement indicator gets its name from Fibonacci numbers, a pattern of numbers and ratios discovered in the 13th century. Based on ratios, the indicator marks key levels above and below a trading price. Many believe that asset pricing seeks these levels, and given the popularity of technical trading in crypto, Fibonacci Retracement often becomes a self-fulfilling prophecy.

Put simply, Fibonacci Retracement helps traders identify key support and resistance levels for a given crypto trading pair.

Support levels are price points that have historically attracted support, meaning prices rarely fall below this level. For example, suppose the Fibonacci Retracement shows that Bitcoin has strong support at $58,000. This means that historically, whenever Bitcoin is in a declining trend, prices recover just above the $58,000 level.

Fibonacci Retracement for Bitcoin

Resistance levels work similarly but in reverse. For instance, suppose the Fibonacci Retracement identifies $70,000 as a key resistance point for Bitcoin. This means that whenever Bitcoin is in a rising trend, its price often struggles to surpass $70,000. The Fibonacci Retracement comes with several levels, which are identified by percentages. The most common is the 61.8% level.

Why Should You Use the Fibonacci Retracement?

  • Fibonacci Retracement is a tried and tested indicator for identifying key support and resistance levels.
  • Knowing resistance and support levels can help you identify potential market reversals early.
  • Fibonacci Retracement provides multiple levels — ranging from 28.6% to 78.6%. This lets you plan your next trade using the next Fibonacci levels as a guide.

4. Moving Average Convergence Divergence (MACD) – Best for Understanding the Relationship Between Two Moving Averages

Moving Average Convergence Divergence (MACD) offers one of the easiest ways to identify trend changes. This popular crypto indicator lets you capture profits from short-term price swings or long-term trends.

Here’s how it works: MACD subtracts the 26-day exponential moving average (EMA) from the 12-day EMA and is usually shown in blue. In addition to the Moving Average Convergence Divergence line, the indicator deploys a histogram and signal line. The signal line, often yellow or red, uses an exponential 9-day moving average. You can change these settings as needed.

  • When the MACD line crosses above the signal line, this indicates that prices are likely to rise.
  • When the MACD line dips below the signal line, this indicates the trend has shifted downward.

The histogram provides a quick visual representation of the MACD and indicator lines and how they interact. During bullish trends, the histogram shows positive values marked in green. During trend downturns, the histogram falls below the baseline and is rendered red.

You’ll see the most success using MACD when you spot sharp crossovers, indicating a more significant price direction change. When the MACD and indicator lines drift closer together, MACD becomes less valuable as a trading tool and may even suggest market indecision. For example, let’s say you’re using the MACD to plan your next Ethereum trade.

Moving Average Convergence Divergence (MACD) for Ethereum

The MACD indicator shows the market turning in mid-March, giving a sell signal. A buy signal was triggered in mid-April, with a wider divergence signaling a buying trend in mid-May. By the beginning of June, MACD indicates it may be best to sell and take profits. Using MACD and other indicators like RSI (oversold/overbought) can help you keep more profits rather than riding the chart down during swoons.

Why Should You Use the Moving Average Convergence Divergence?

  • MACD can point to optimal entry and exit points for trades.
  • Moving Average Convergence Divergence can be used with other indicators like RSI to identify potential reversals.
  • MACD is easy to backtest for reliability and to learn how to spot price direction changes.

5. Volume Indicator – Best for Gaining Insights Into the Strength of a Pricing Trend Based on Volume

Small numbers are often unreliable and, at worst, misleading. That’s why pollsters use large polling samples, and marketers collect large data sets. Crypto trading shares a similar challenge because price movements alone may not mean much when the trading volume is low. The Volume Indicator tool helps traders to understand if price movements are the collective voice of an active cryptocurrency trading market or if a few stray trades are moving a cryptocurrency’s price on relatively low volume.

The Volume Indicator largely focuses on daily trading volumes. Its best use, however, is with established and large-cap crypto assets. These include Bitcoin, Ethereum, XRP, or Dogecoin because the Volume Indicator highlights the relationship between volume and trend strength. Lower-volume assets can be more difficult to measure due to sudden bursts of buying or selling with little or no activity in between. In other words, more data offers better accuracy.

Let’s look at the Volume Indicator in action. Let’s say you’re using the Volume Indicator to analyze XRP ‘s price movement. You’re a swing trader, so the indicator analyzes trading volumes over the prior 10 days. You exclude weekend trading as volumes decline substantially.

Volume Indicator for XRP

The indicator shows that on day 3, XRP increased by 10% when trading volumes were over $1.5 billion. And on day 7, XRP declined by 5% when trading volumes were around $750 million. This trend indicator shows that selling pressure was weak when XRP had a red day. On the other hand, buying pressure was strong when the token finished up for the day. This suggests that the overall XRP trend is bullish.

Why Should You Use the Volume Indicator?

  • Volume comparisons allow traders to evaluate the relationship between volume and price momentum/
  • Volume readings often provide early insights before the markets react.
  • The Volume Indicator lets you identify meaningful price moves and dismiss low-volume market noise.

The particular indicator, along with RSI and MACD, can be especially useful when combined with crypto day trading strategies

6. Stochastic Oscillator – Best for Generating Buy and Sell Signals Based on Buying and Selling Pressures

Unlike the MACD, the indicator lines for the Stochastic Oscillator don’t often have a story to tell. Instead, you’ll want to focus on the numbers. More on that in just a bit. This indicator analyzes buying and selling pressure to help identify overbought or oversold conditions. Under the hood, the Stochastic Oscillator compares the closing price with a high-low range, typically using a 14-day period. However, depending on your trading strategy, you can also use it with other time periods.

Stochastic Oscillator for Bitcoin

Now, let’s discuss the numbers. Stochastic Oscillator readings range from 0 to 100. Crypto pairs with a reading of 80 or more are considered overbought. This means the price may fall. If the Stochastic Oscillator reading is below 20, the pair could be oversold — meaning a temporary price bounce may be possible.

Comparing the Stochastic Oscillator against the chart above shows a correlation, although the indicator was most useful in identifying an entry point in mid-January. Overbought signals proved less reliable as BTC continued its gains after Stochastic Oscillator signaled overbought conditions.

Why Should You Use the Stochastic Oscillator?

  • The Stochastic Oscillator can help identify potential reversals based on overbought or oversold conditions.
  • The Stochastic Oscillator uses an easy-to-remember number range and colored zones. Trading action outside the zones suggests a reversal.
  • You can use the Stochastic Oscillator to help identify entry points and when to consider taking profits.

7. Bollinger Bands – Best Indicator for Analyzing Volatility via Relative High and Low Prices

Named after John Bollinger, who created this indicator in the early 1980s, Bollinger Bands provide another way to spot overbought or oversold conditions. Bollinger Bands use a default time period of 20 days, although day traders often choose 10 days. Periods of 50 days or longer work well for long-term trades.

These bands, shown in the chart below, offer an easy way to plan your trades. Think of it as a trading range. If the price touches the top band, it’s time to sell. When prices dip and touch the bottom band, this indicates a buying opportunity.

Bollinger Bands for Bitcoin

Many traders also use Bollinger Bands to set stop-loss orders, which are sell orders designed to preserve trading capital. The chart above shows that this indicator alone won’t always lead to perfectly timed trades. Trading action can follow the top or bottom band for some time. However, to highlight an example, the Bollinger Bands indicator suggested a buy in early May, followed by a profitable sale by mid-May.

Why Should You Use the Bollinger Bands?

  • Bollinger Bands help identify entries and exits for trading positions.
  • Many traders find Bollinger Bands one of the best crypt indicators because they show entries and exits on the chart itself.
  • Bollinger bands allow settings for long or short-term trades.

8. Parabolic SAR – Best for Finding Potential Entry and Exit Points for an Impending Reversal

The Parabolic SAR offers a simple technical indicator suitable for new or experienced traders. Some also refer to trading with this indicator and MACD as the “cash machine” strategy.

Like Bollinger Bands, Parabolic SAR provides a clear indicator right on the chart itself. Buy when the dots are below the price. Dots above the candles on a chart indicate a sell signal. In the background, this indicator computes probable trend lines and shifts. This lets you time your entries and exits as the market shifts direction.

However, Parabolic SAR works best with trending markets. Choppy trading action that suggests consolidation can throw mixed signals. In the chart below, you can see where relatively flat trading action from January through February would have resulted in churn without any real profit.

Although slightly above the lows, Parabolic SAR indicated a strong buy in early March. The first sell signal came after Dogecoin rocketed from $0.09 to over $0.20.

Parabolic SAR for Dogecoin

The next buy indicator triggers in mid-March, giving traders a profitable ride from $0.12 to $0.22 before signaling a sell.

Why Should You Use the Parabolic SAR?

  • Parabolic SAR integrates with the chart, making crypto signals easy to read and decipher.
  • Newer traders can find trading success with minimal experience.
  • Parabolic SAR provides a reliable reversal indicator when combined with an overbought/oversold indicator like MACD.

9. Average Directional Index (ADX) – Best for Calculating the Strength of an Existing Market Trend

Next in our roundup of the best crypto indicators, we’ll discuss the Average Directional Index (ADX). If you’ve ever wondered if an upward or downward trend would last, this tool can help you measure the trend’s strength.

For example, suppose Ethereum is up 9% this week. Before placing a buy order, you’d want to know whether or not this strong price momentum is here to stay or if it’s short-lived.

This is where the ADX can help. It offers a reading score from 0 to 100. If the reading is below 20, this usually means the identified trend is weak. In this scenario, you might want to avoid buying Ethereum, as the ADX indicates a potential price reversal. However, if the reading is above 50, this usually means the trend is strong.

Average Directional Index (ADX) for Ethereum

As such, the suggested move would be to buy Ethereum. Naturally, you’d want to reassess the ADX reading often to ensure that the trend is still your friend. However, if the trend is strengthening, you may want to add to your position as well.

Why Should You Use the Average Directional Index?

  • The Average Directional Index can prevent losses caused by buying into weak trends.
  • Identifying strong trends allows you to allocate your trading capital efficiently.
  • The Average Directional Index uses a simple number-based indicator; readings above 50 indicate a strong trend, whereas a number below 20 suggests caution.

10. On-Balance Volume (OBV) – Best for Predicting Crypto Price Changes via Volume Flows

No list of the best crypto indicators would be complete without the On-Balance Volume (OBV) Indicator. While we discussed the Volume Indicator earlier, the OBV provides more insight into price trend strength based on volume. OBV can identify potential crypto price changes based on volume inflows, while the Volume Indicator purely looks at trading volumes.

OBV does one of three things to create a usable number and plot it on a chart. These actions are an adjustment to a base number (initial OBV).

  • Add volume total to OBV on up days.
  • Subtract volume total from OBV on down days.
  • Do nothing on flat days.

This creates a sort of running tally that makes it easier to spot future price movements and trends by identifying trends in OBV. You can see OBV in action in the Bitcoin chart below.

On-Balance Volume (OBV) for Bitcoin

Through mid-March, OBV rose, with Bitcoin’s price also rising due to low volatility and more buying pressure. However, following a double top in OBV in mid-March, OBV fell. The price spike in Late May masks a slight declining trend in OBV.

The OBV indicator suggests that these gains may not hold because they aren’t supported by a volume trend. In simple terms, the market lacks enthusiasm despite the chart gain. A later version of this chart shows Bitcoin falling below $50,000 by August 2024.

Why Should You Use the On-Balance Volume?

  • Make trading decisions based on volume flows.
  • OBV can predict trends or identify potential weaknesses in the chart price.
  • The On-Balance Volume Indicator works well for both short and long-term trading strategies.

What is a Crypto Indicator?


Crypto indicators are tools used to perform technical analysis. In short, technical analysis refers to analyzing historical and existing prices, looking for trends, and making informed decisions about a crypto pair’s future price direction.

Crypto indicators make this task easy by analyzing market data and providing an easy-to-use indicator. More than 100 crypto indicators exist, each specializing in a specific type of data.

For example, Simple Moving Averages (SMA) help traders discover trends based on previous averages. Fibonacci Retracement focuses on support and resistance levels, providing clear markings on the chart itself. The Relative Strength Index (RSI) shows — at a glance — whether a crypto pair is overbought or oversold.

Having the choice of 100+ indicators lets traders find the best indicators for their individual strategies, although you probably won’t need to use more than a handful. However, in many cases, it’s best to combine indicators to double-check your work. For instance, Parabolic SAR’s uncanny ability to mark trend reversals can fail during choppy trading. Adding the MACD indicator helps clear the confusion and lets you plan your entry or exit points based on two indicators.

Using Multiple Indicators

Here’s another example using multiple indicators for confirmation. Let’s say Bitcoin is trading at $65,000.

  • You use the MACD indicator to check the current trend and momentum. The MACD line is above the signal line, indicating that Bitcoin’s price could keep rising.
  • However, to be sure before buying, you also use the Bollinger Bands indicator. This measures market volatility, helping you assess whether Bitcoin could be overbought or oversold.
  • The Bollinger Bands reading shows that Bitcoin touches the lower band at $65,000 — so it could be oversold. As such, at least a temporary upward trend is expected.
  • Now that you have confirmation, you decide to enter a long position on Bitcoin.

Not only do crypto indicators help traders discover new opportunities, but they also provide effective risk management. After all, indicators can alert traders to potential trend reversals. If the indicators show a trend reversal, you might consider closing an existing position to protect your capital for the next trade.

[/su_note]

Methodology: How We Ranked The Top Crypto Indicators


We ranked the 10 best crypto indicators from over 100 options. Our research methodology is discussed in the following sections. This will help you understand why we selected each indicator.

Complexity – 25%

25% of our methodology was weighted based on the complexity of each indicator. For instance, we made sure to include simple technical indicators that would be suited for beginners. The RSI is a good example.

  • The RSI generates a reading of between 0 and 100.
  • Readings under 30 indicate that the crypto asset is oversold, so a reversal to the upside could be imminent.
  • An RSI reading of over 70 means that a market correction is possible. This means the asset is overbought, and prices could decline.

We also included crypto indicators suitable for intermediate-to-advanced traders. This includes the MACD, which requires a solid understanding of three metrics: the MACD line, the signal line, and the histogram. Traders must know how each metric interacts with one another to interpret the data and make an informed decision.

Accuracy and Reliability – 25%

Our research methodology also analyzed the accuracy and reliability of each crypto indicator. Fortunately, all of the crypto indicators in our roundup have been well-tested in traditional financial markets, including stocks, precious metals, and forex trading.

RSI for the altcoin market

For example, traders have used RSI since 1978. Launched a year earlier, the MACD also benefits from a solid reputation and proven track record.

While new indicators are frequently created, we didn’t consider them for this guide because they haven’t been tried and tested over many years.

Relevance to Market Conditions – 25%

We also looked for indicators relevant to specific market movements and conditions, which we divided into five core categories.

  • First, we included indicators that identify trends — such as the MACD and Simple Moving Averages.
  • We also covered Momentum indicators, such as the Stochastic Oscillator and RSI.
  • To measure volatility, we included the Bollinger Bands.
  • Both the On-Balance-Volume and Volume Indicator help traders analyze volume-based metrics.
  • Finally, for trend strength analysis, we included the ADX and Parabolic SAR.

Customization and Flexibility – 25%

We also gave extra weight to customizable crypto indicators. This ensures that traders can use indicators that match their preferred trading strategy.

For example, Simple Moving Averages offer complete flexibility. Traders can choose their preferred time frame. Day traders will prefer the 5- or 10-day average, while long-term investors can opt for the 100- or 200-day period. Swing traders might sit somewhere in between, perhaps choosing the 50-day average.

Similarly, while Bollinger Bands are typically set at 20 days by default, traders can increase or decrease the analysis time frame.

How Effective is Technical Analysis for Crypto?


Many crypto traders use technical analysis tools, which makes the most popular indicators even more relevant. Chances are good that others are trading using some of the same signals, amplifying short-term market moves as traders move together. However, these crypto indicators can gather data faster compared to traditional financial markets because crypto trades around the clock.

Like trading indicators in traditional markets, crypto indicators suffer some limitations. For instance, breaking news can cause a trend reversal without warnings from indicators. For example, the SEC announced the approval of Bitcoin ETFs in January 2024. Of course, the news spurred trading activity.

Bitcoin entered a prolonged bull run in response to the market sentiment. Similarly, when fundamental news is overly negative, this can also make technical analysis less useful. Regardless of bullish pricing and volume signals, the bearish news could result in a prolonged downward trend. Always view indicators in the context of market news.

Another drawback is that technical analysis loses validity in some circumstances. For instance, Bitcoin, Dogecoin, and XRP have over a decade’s worth of trading data, which is crucial for indicator findings. However, newer cryptos like Solana, Uniswap, and Shiba Inu launched as recently as 2020. While these cryptocurrencies are large-caps, they have a limited track record.

Crypto indicators can also be less helpful when trading smaller-cap markets. For instance, analyzing pricing and volatility trends on an ERC-20 token valued at $1.5 million will provide little insight. Microcap markets, such as meme coins, can change direction with just a few trades.

One key takeaway: Use indicators together to confirm signals and always consider the big picture, including market-moving news.

Lagging vs Leading Indicators


The best crypto indicators are either ‘lagging’ or ‘leading.’

Understanding how each works is important, so let’s take a closer look.

What is a Lagging Indicator?

Lagging indicators ‘lag’ behind existing market trends — meaning they don’t make predictions about future prices. On the contrary, lagging indicators are used for confirmation.

For example, let’s say Bitcoin’s price surged 15% this week.

  • You can use the MACD to assess whether this is a short-term trend or if Bitcoin is set for a longer upward trend.
  • In this example, the MACD line is above the signal line.
  • This confirms the strong trend so that you can consider a buy.

What is a Leading Indicator?

Leading indicators help traders discover potential trends before they happen. As such, they’re best used when making trading predictions. This can be based on various trend indicators, such as volume, price averages, and support and resistance levels.

For instance, let’s say Ethereum is down 20% over the prior month.

  • You need to decide whether or not to enter a short position or buy.
  • RSI can point the way, showing a reading of 27.
  • This means Ethereum could be oversold and due for a rebound.
  • In this case, you can consider a buy position anticipating a short-term reversal.

Conclusion


Technical indicators play an integral role when trading crypto assets, especially when using short-term strategies. They help traders forecast future price movements and trends and validate existing price movements.

Just remember that you’ll see the most success by using multiple indicators. If they disagree, perhaps the best move is not to trade at all until you get more than one signal indicating how to trade. Standalone indicators often only tell part of the story.

FAQs

What is the most successful crypto indicator?

The most successful crypto indicators include the RSI, MACD, Bollinger Bands, and Fibonacci Retracements. These indicators cover various metrics, including volatility indicators, buying/selling pressure, and support/resistance levels.

What is the best indicator for volume?

The best indicator for volume is the On-Balance Volume (OBV). The OBV analyzes volume inflows to predict potential changes in crypto prices.

Which indicator has the highest accuracy?

The RSI delivers a solid track record of accuracy – especially when analyzing whether a crypto pair is overbought or oversold. That said, look for further confirmation with other indicators rather than relying on RSI readings alone.

Is MACD or RSI better?

While both the MACD and RSI measure momentum, they both serve different purposes. The RSI evaluates overbought or oversold conditions, while the MACD is ideal for confirming the trend direction and strength.

Does technical analysis work for crypto

Yes, technical analysis does work for crypto, but there are some limitations. Ultimately, technical analysis provides the most accurate signals for established cryptocurrencies with a large market capitalization.

References

  1. Relative Strength Index (RSI) (Fidelity)
  2. MACD Indicator Explained (Binance)
  3. Technical Analysis and Crypto (Gemini)
  4. Statement on the Approval of Spot Bitcoin Exchange-Traded Products (SEC)

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