5 Most Common Technical Indicators Used by Crypto Traders
Aayushi Jain
Moving Averages is the top crypto trading strategy of 2024. It smooths price data to identify trends, including SMA and EMA with periods like 50 or 200 days.
RSI measures momentum on a 0-100 scale, over 70 means crypto is overbought, and under 30 is oversold, typically using 14 days.
MACD shows trend changes using the MACD line, signal line, and histogram, calculated from 12-day and 26-day EMA differences.
Bollinger Bands includes a middle SMA and two outer bands set 2 standard deviations away, indicating price volatility.
Fibonacci Retracement Levels identifies potential support and resistance areas using key levels like 23.6%, 38.2%, 50%, 61.8%, and 76.4%