I am very happy to bring you an analysis of the best indicators Stoch RSI and MACD.
Before we go further, let's try to see how to set it up Trading View within Binance during trading, the details are as follows in the image 👇
I believe you have understood well how to set Trading View in Binance through the image above, now let's go and look in depth at the importance of using Stoch RSI and MACD.
1. Let's start with the Stoch RSI, if you look at the picture above, the upper curves show a sign that we know the market is going to sell and it is in the range of 100. Therefore when you see the numbers in this range of 80 to 100, this is a sign of the market being overbought, so the market is going to come down again. Therefore, when you see this signal, be prepared to place a short position for those who use Futures. But if you see that the market has a Stoch RSI of 1 to 10, here we call the market oversold, which means you should prepare to make a long position. It is a very simple method that will make you benefit from the results of the market every time you trade.
2. MACD- Convergence (green bars) and Divergence (red bars) these bars are separated by a horizontal line. Things to consider here are that two lines tend to alternate one above the other below we call the leading line and the MACD line. If these lines are below the horizontal line, it means the market is a Bear market, when it starts to break upwards from the horizontal line, it means the market is a Bull Market.
To better understand, repeat reading the image above on how to know when to sell and when to buy.
I wish you a good day!
