If you are new to crypto trading, or even an experienced trader, charting tools can extremely helpful when developing your technical trading strategies. There are many different charting solutions on the market, but these three were the best we could find in terms of feature sets, ease of use, and exchange integration.
TradingViewis by far the most popular charting and technical analysis tool for traders of all markets. In recent years, they have pushed to integrate their tool set with the most popular cryptocurrency exchanges and the results are impressive. Their online charting tools are open to both free users and pro users.
A free account should be more than enough for most traders to get started and learn the basics of technical analysis. Free accounts still have access to the same professional tools as pro users but are limited to three technical indicators and overlays per chart.
Listing all of TradingView’s features would take hours to get though. It’s best if you check them all out on theirwebsite.
Coinigyis another extremely well known technical analysis tool in the world of crypto. This tool is considered a charting tool but is bundled with many other features to help traders develop and execute their strategies. Coinigy’s charting service is built on top of the TradingView platform but uses custom data feeds to closely integrate with over 45 cryptocurrency exchanges. In addition to using the same indicators available on TradingView, users can setup SMS text alerts on custom events as well as execute trade orders across their exchanges.
Unfortunately, Coingy does not offer a free plan, but their feature set is well worth is if you find yourself trading across multiple exchanges.
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CryptoWat.ch
Cryptowat.chis another comprehensive charting tool owned by Kraken which lets traders get access to live streamed price, volume, and orderbook data from over 800 exchanges. Despite the intimidating dashboard you first arrive at the site, Cryptowatch is an incredibly easy tool to pick up and makes a great addition to any trading toolkit.
In addition to visualizing live exchange data, CryptoWatch includes several technical analysis indicators and overlays to help you make your calls. While this charting tool doesn’t include as many indicators and drawing tools and others, Kraken is constantly updating the site to include more.
Cryptoview stands out as the best charting app for crypto, offering a user-friendly trading and chart analysis online platform. Its advanced cryptocurrency portfolio manager and multi-exchange-free tools make it accessible for all users, regardless of their experience level.
This is one of the best crypto analysis tools that lists prices, market capitalization, trading volume, and other relevant information on various cryptocurrencies.
TradingView provides direct access to all major stock exchanges, global currency pairs, worldwide indexes, 30+ crypto exchanges, and more. From any device, anywhere, in real-time.
Pro traders use technical analysis to predict crypto price movements and trends. Reading charts using indicators such as moving averages and the Relative Strength Index are popular among traders. Various candlestick patterns can be used to evaluate possible future price movements.
Reading a crypto token chart is one of the most important skills to have when trading crypto. The ability to assess price movements and recognise patterns in the charts is crucial to doing what in finance is called technical analysis. Don't be intimidated by this term.
TradingView is the market leader when it comes to crypto charts and one of the best crypto charting tools for both traders and investors thanks to a comprehensive and user-friendly platform.
The body of each candlestick represents its opening and closing prices, while the top wick represents how high the price of a cryptocurrency got during that time frame, and the bottom wick represents how low it got. Similarly, candlesticks may have two different colors: green or red.
Understanding support and resistance are one of the most crucial parts of reading a crypto chart. Support levels in charts refer to a price level that the asset does not fall below for a fixed period. In contrast, resistance level refers to the price at which the asset is not expected to rise any higher.
A long-term trend of healthy growth is accompanied by a high volume of increases and a low volume of declines. It is also important to see that volume is rising over time. If the volume is decreasing during increases, the upward trend is likely to come to an end, and vice versa during a down trend.
For example, a scalper who trades multiple times a day may use a 1-minute or 5-minute chart to spot short-term trends and opportunities. A day trader who closes all positions by the end of the day may use a 15-minute or 30-minute chart to identify intraday patterns and signals.
Understanding support and resistance are one of the most crucial parts of reading a crypto chart. Support levels in charts refer to a price level that the asset does not fall below for a fixed period. In contrast, resistance level refers to the price at which the asset is not expected to rise any higher.
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