IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-49105-4_62.html
   My bibliography  Save this book chapter

Testing Horizontal Support and Resistance Zones on Cryptocurrencies

In: Applied Economic Research and Trends

Author

Listed:
  • Prodromos Tsinaslanidis

    (University of Western Macedonia)

Abstract

We examine the price behavior of three cryptocurrencies around algorithmically derived horizontal support and resistance zones. The dataset considered in this study is composed of daily prices of Bitcoin, Ethereum, and BNB for a period spanning from 2018 to 2022. We find in our sample that prices are more likely to bounce on support than on resistance zones. Three dynamic trading strategies based on price bounces are also proposed, tested, and compared with a buy-and-hold benchmark. Results are mixed with two out of the three proposed strategies performing better (in terms of risk-adjusted returns) than the benchmark, in only one of the three examined series.

Suggested Citation

  • Prodromos Tsinaslanidis, 2024. "Testing Horizontal Support and Resistance Zones on Cryptocurrencies," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Applied Economic Research and Trends, chapter 0, pages 1073-1084, Springer.
  • Handle: RePEc:spr:prbchp:978-3-031-49105-4_62
    DOI: 10.1007/978-3-031-49105-4_62
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-49105-4_62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.