A lot of people rely on technical analysis when it comes to cryptocurrency trading. Even though the validity of technical analysis remains to be determined, there are quite a few platforms which support such tools.
Predictions and Analysis
We have listed a few of the commonly used charting platforms below. Keep in mind not every platform supports all exchanges and currencies.
My Crypto Trading and Charting Setup Tutorial
CryptoWatch does one thing quite well. They provide a comprehensive chart of the supported currencies on their platform, which gives traders a wealth of information. They also have various drawing tools to plot charts and accurately attempt to predict future price movement. In fact, the company recently moved the drawing tools to their own drop down menu, which now also includes a rectangle.
Resistance and support levels
Although most people hardly talk about Cryptrader, it is a more than viable charting platforms. Browser-based trading tools are always quite interesting to take note of in the cryptocurrency world.
Moreover, users can trade across multiple platforms and exchanges with live updated. Cryptrader has been around since June of 2013 and is still appreciated by a lot of technical analysis experts.
It is not as popular as the final two platforms in this list, but Cryptrader should not be overlooked either.
One of the two household names in the world of cryptocurrency technical analysis is Coinigy.
This is a paid service, though, but it is designed to help novice users with their trading strategies. For the people just looking for regular charting tools, the first two platforms on this list make a lot more sense, since they can be used free of charge. The paid subscription can still be worth it to the right people.
Coinigy’s subscription service lets traders tap into the global digital economy across over 45 exchanges.
Having so many valuable insights will certainly help people grasping the ebbs and flows of the market a lot better over time. There is an Android application as well to make use of.
With over six dozen technical indicators to take advantage of, as well as SMS and email price alerts, Coinigy is definitely one of the more advanced charting and TA platforms out there.
By far the most commonly used charting and TA platform is TradingView. The company has quickly become a market leader in the world of cryptocurrency, especially considering the vast amount of people actively using it.
Users can register for a free account and upgrade it later on if they feel the need to do so. With the free plan, traders have access to three indicators per chart, which is not all that much.
There is also only one indicator template to make use of, and no customer support to benefit from whatever.
Paid plans range from $9.95 to $39.95 per month, which all have their own different advantages.
Having access to faster data flow, removing advertisements, and receive more real-time data options are definitely worth paying money for. TradingView supports quite a few different popular cryptocurrency exchanges as well, which allows traders to gain information from any source they think is useful.
There is also a thirty-day free trial, which gives interested parties plenty of time to play around with the TradingView features.