Which cryptocurrencies are most influenced by the accumulative swing index?

1 answers

• Mykola DotsenkoJun 22, 2023 · 2 years ago
  At BYDFi, we have observed that the accumulative swing index (ASI) can have a significant impact on the price movements of certain cryptocurrencies. While it's difficult to pinpoint exactly which cryptocurrencies are most influenced by the ASI, we have noticed that cryptocurrencies with higher levels of liquidity and trading volume tend to be more responsive to changes in the ASI. This is because these cryptocurrencies are more actively traded and therefore more sensitive to shifts in market sentiment. However, it's important to note that the ASI is just one of many factors that can influence the price of a cryptocurrency, and traders should consider a range of indicators and conduct thorough analysis before making any trading decisions.
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