Best technical analysis research tools for crypto trading
Crypto technical analysis is something that traders do to make the best trades in the crypto market. Different online software and techniques are used to make the right calls on the market, enabling traders to make good profits overall.
Identifying price trends, figuring out the mood of the market, and ensuring that they make safe and high-return bets are the biggest objectives of traders. For fulfilling these objectives, the traders need to make sure that their cryptocurrency analysis tools are up to the mark. Here are the best technical analysis crypto tools that you can use as a trader:
TradingView is by far the most popular charting and analysis tool used by traders of cryptocurrency around the world. In recent years, the platform has pushed to integrate its toolset with the most popular crypto exchanges around the world. This makes their results very impressive. The online charting tools that the platform offers are available to both free and pro users.
For most users who want to start their journey as traders, the free version of the platform is more than enough. The best part about this platform is that there are no new features for premium users. Free accounts still have access to the same professional tools as pro users but are limited to three technical indicators and overlays per chart.
Cryptowat.ch is a very comprehensive tool that is owned by Kraken. Using this tool, traders get access to live-streamed price, volume and order book data from more than 800 exchanges around the world. Although first-time users may feel a little intimidated by the number of tools and the size of the platform when they first start using it, it is an incredibly easy tool to understand later.
Cryptowat.ch is a great addition to the arsenal of tools you need to become an expert trader. In addition to giving you information about live exchange data, the platform also includes technical indicators and overlays to make your calls. While they are a little short on indicators compared to other platforms, the best thing about the platform is that they’re constantly updating the experience to make it better for users.
OpenOcean is a single entry point in the crypto world that can be used to access a very deep liquidity pool that exists across so many exchanges around the world. The platform discovers the best prices and the best way to sell your coins through their algorithm. They also show users the price comparisons so that they have the liberty to make the choices that suit them the most. Traders can also use APIs to customise their own trading interfaces without paying any fees! OpenOcean plans to aggregate a large portion of the crypto market and not just DEXs and CEXs.
Investing heavily in a coin without knowing how its developments are coming along can be the recipe for disaster in the investment world. Since crypto coins are essentially software protocols,regular maintenance, development and constant improvement is critical. Hence, keeping tabs on the developments in the coin you’re investing in is essential.
A tool like CryptoMiso can help you do that. It is a research tool that ranks crypto coins based on their activity on GitHub. In this way, you can make sure that the coin you’re investing in has some fundamental value in terms of development and maintenance.
If you want to be an active trader in cryptocurrencies and ride the wave, one of the tools that you have to use is CoinMarketCal. The platform is a crypto calendar that updates you about all the upcoming events of different coins. The platform incorporates different community-driven and evidence-based sources that let people add important crypto events. When these events are added, they go through a verification process where the real ones get upvotes and the ones that seem fake get downvotes. If you’re interested in knowing about events around the world that could affect a crypto price change, all you need to do is search for the coin on the platform. Voila!
This is the most reliable social media provider in the crypto community. Crypto prices can go up and down very heavily depending on various social media-related cues. Hence, LunarCrush acts as the integrating platform between social media and cryptocurrencies. The platform uses AI and machine learning to gather information about different coins on social media and reports statistical data on its page. This data is used by traders to predict when one coin is supposed to fall or rise, and place their bets accordingly. This information is also used to predict the trends of any particular coin by gathering information related to it.
Shrimpy is a portfolio management website that allows users to track their investments across all the exchanges that they use. This means that users won’t need to log in to their exchange accounts separately to buy or sell crypto coins. The biggest USP of this platform is that it lets users visualize the overall allocation of funds over different exchanges by using simple, easy-to-understand calculators. This makes it easy for traders to have a bird’s eye view of the investments they’ve made and the different trades they can make to increase their profitability.
Cryptocurrencies work on the blockchain and one of the biggest features of the blockchain is that transactions cannot be reversed under any circumstances. For most crypto investors, there is nothing more painful than sending crypto to the wrong address and losing those funds forever. With Ethbox, you will never lose your funds again. Quite simply, Ethbox is an escrow service that works with smart contracts to enable the transfer of your ETH safely. While the platform currently only works on Ether, developers are working to make it compatible with other coins as well.