This article will go through the best crypto technical analysis app and software tools.
We list which specialized software and tools you need to start your journey and what platforms offer these technical analysis features for free. Topics that will be covered are:
- What is Crypto Technical Analysis?
- Crypto Technical Analysis Charts
- Crypto Technical Analysis Indicators
- Crypto Technical Analysis Time Intervals
- Crypto Technical Analysis Drawing Tools
- Best Trading Platform for Crypto Technical Analysis
We go through their aspects since we believe that a crypto technical analysis software must cover all these bullets above. Other software related to crypto trading, such as crypto trading bots and crypto tax software, is handled in other articles.
What is Crypto Technical Analysis ?
It’s possible to perform crypto technical analysis with different software. First, traders use the software to identify price trends. Then, it helps them figure out how the market behaves, providing a sound basis for smart trading choices.
Although it may sound complicated, it is nothing more than analyzing the demand and supply in the desired market.
Technical analysts look to identify patterns in price change throughout history. Then, based on the current statistics, investors assume the future price and develop a trading decision.
Chart investigation is a crucial part of any crypto technical analysis. You can identify trends by keeping track of moving averages, support and resistance levels, and trading volume.
Crypto technical analysis is usually helpful for short-term trading, such as day trading and similar crypto trading strategies.
Best Crypto Technical Analysis Apps
In the table below, you find the best crypto technical analysis apps. As you can see, Tradingview is the only pure technical analysis app of these. Both Altrady and Coinigy are all-in-one platforms with charting tools integrated. These platforms are excellent if you want to trade from accounts on multiple exchanges.
- Tradingview is the best charting tool for cryptocurrencies, but it’s also a place where traders, investors, educators, and market enthusiasts can connect to share ideas and talk about the market.
- Coinigy is a cryptocurrency trading platform that allows users to manage accounts from more than 45+ exchanges through a single interface.
- Company
- Tool
- Signup
TradingView - Best Crypto Technical Analysis Apps
TradingView is the best and most well-known pure technical analysis app and charting tool for cryptocurrencies.
TradingView comes with some free features.
However, if you are a frequent trader, you probably want a paid subscription where you get access to multiple charts, layouts, and custom time intervals.
Pricing Review TradingView
TradingView has three different pricing levels and you can chose between monthly and yearly payments.
- Pro
- Pro+
- Premium
See what is included in each pricing plan from TradingView.
- Monthly
- Yearly
- Pro
- $14.95
- $12.95
- Pro+
- $29.95
- $24.95
- Premium
- $59.95
- $49.95
Pros and Cons TradingView
Pros
- Most advanced charting tools
- Community to learn and educate from others
Cons
- High price
Coinigy Technical Analysis App and Software
Coinigy is a tremendous and well-known crypto technical analysis tool. In addition, this trading tool is considered a great technical analysis charting tool.
Also, many other features to help traders develop and execute their strategies are included in this complete software.
Coinigy’s charting service is built on top of the TradingView platform but uses custom data feeds to integrate with over 45 cryptocurrency exchanges (all listed below) closely.
Since all the same indicators are available on TradingView, we recommend TradinView over Coinigy if you are looking for a crypto technical analysis tool.
However, if you are looking for a portfolio tracker and manager with a technical analysis tool integrated, Coinigy might be perfect for you.
We have listed all the cryptocurrency exchanges below on their site. However, some of them don’t exist anymore, like Bleutrade.
Supported Exchanges: Binance, Binance.US, Binance Futures, Bitfinex, Bitflyer, Bithumb, Bitstamp, BitMEX, Bittrex, Bleutrade, BTC markets, ByBit, CEX.io, Coinbase Prime, Coinbase Pro, Coincheck, Coinmate, Coinone, Deribit, dYdX, Deribit, FTX International, FTX US, Gate.io, Gemini, HitBTC, Huobi Pro, Indodax, ItBit, Korbit, KuCoin, Kraken, MercadoBitcoin, Okcoin futures, OKex, Poloniex, Ripio, Paymium, Sushiswap, The Rock, Trade Orge, Uniswap, Vaultoro, Yobit, ZB.com
Pricing Review Coinigy
- Monthly
- Yearly
- Starter
- Free
- Free
- Pro
- N/A
- $18.66/M
- API Developer
- N/A
- $99.99/M
Pricing Review Coinigy
- Basic
- Essential
- Premium
- Signals
- Portfolio Monitoring
- 75+ Technical Indicators
- Mobile App Access
- Unlimited API Accounts
- Unlimited Chart Layouts
- Advanced Order Types
Crypto Technical Analysis Charts
Bars - Crypto Technical Analysis
An essential tool for technical analysis is the bar chart. From one bar in the chart, you will get information regarding open price, close price, highest price, and lowest price within the selected time frame represented by the bar.
A screenshot from BitMEX where you can see a green and a red bar in the chart. A green bar indicates that the close price is higher than the open price and vice versa regarding a red bar.
Candlesticks - Crypto Technical Analysi
Candlesticks are the most common graph type in technical analysis. The purpose of candlesticks is to identify trends and trend lines. Candlesticks contain the same information as the bars but look different graphically.
A screenshot from Bitmex where you can see a green candlestick and a red candlestick in the chart.
More Crypto Technical Chart Types
Other chart types often provided are Hollow Candles, Heikin Ashi candles, Line, and Area. However, we will not cover these chart types in this basic article.
Crypto Technical Analysis Indicators
Technical indicators are critical for making decisions based on crypto technical analysis. Indicators are mathematical formulas calculated based on historical parameters of the underlying asset. These are some of the most common technical indicators:
Moving Average (MA)
The moving average is one of the most common technical indicators. You calculate this over a specific period. For example, if you are looking for the 30-day moving average, you sum the last 30-days closing price and divide it by 30.
Moving Averages Convergence Divergence (MACD)
This is a trend-following momentum indicator. It is calculated as a relationship between two moving averages. MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.
Relative Strength Index (RSI)
This technical indicator is a momentum indicator to evaluate if the underlying asset is overbought or oversold. Relative strength index measures the magnitude of recent price changes and is displayed as an oscillator that can have a reading from 0 to 100. An oscillator is a graph that moves between two extremes.
On-Balance Volume (OBV)
This is a technical trading momentum indicator that uses volume flow to predict changes for a cryptocurrency.
Accumulation/Distribution Line (ADL)
This is also a volume-based indicator that is designed to measure the underlying demand and supply. The purpose is to indicate whether buyers are accumulating or distributing the underlying asset or cryptocurrency.
Average Directional Index (ADX)
This technical indicator is used to measure the strength of a positive, or negative, trend. The negative trend is called Negative Directional Indicator (-DI) and the Positive Directional Indicator (+DI). Therefor, ADX includes three different lines.
Stochastic Oscillator
This is a momentum indicator that compares a particular closing price of its prices over a certain period of time. The sensitivity of the indicator to market movements is reducible by adjusting that time period or by taking a moving average of the result. The indicator generates overbought or oversold trading signals with a value between 0-100.
Almost all crypto trading platforms integrate Tradingview into their platforms. Tradingview is the best crypto technical analysis tool in market.
Crypto Technical Analysis Time Intervals
It is critical to have the opportunity to see the crypto technical graphs in different time intervals. The charts are often seen in minutes, hours, days, weeks, or months. The time interval you should use depends on what time horizon you invest for.
Almost all crypto trading platforms integrate Tradingview into their platforms.
Tradingview is the best crypto technical analysis tool in market.
Technical Analysis Drawing Tools
Some basic elements in crypto technical analysis are trend lines, support levels and resistant levels. Crypto technical analysis drawing tools are critical to find these trend lines, support levels and resistance.
Other important drawing tools are pitchfork, Fibonacci circles and spirals, XABCD pattern, Triangle Pattern, Head and Shoulders, Elliott Impluse and Triangle Wave, Date range, Price range and more.
Almost all crypto trading platforms integrate Tradingview into their platforms.
Tradingview is the best crypto technical analysis tool in market.
Crypto Technical Analysis on Youtube
There are several great crypto technical analysis influencers on Youtube. You can follow the link to see them all while we list a few in the bullet list below.
Best Crypto Trading Tools
In this article, we have compared the best crypto technical analysis and charting apps. However, there are many other crypto trading tools that can help you to be a more profitable crypto trader. Read our article about crypto trading tools to find out more.
Best crypto sign up bonuses and offers
One of our most popular posts is about the best crypto signing up bonuses and offers. Here, you will find the current best welcome bonuses from different crypto-related companies. This is a great way to boost your crypto portfolio as a new investor.
However, always be careful with terms and conditions with signing up offers. They never come entirely free, and it´s always best to understand the full terms to avoid unpleasant surprises.
Concluding Remarks on the best crypto technical analysis tool
This article went through some technical analysis aspects you must have in technical analysis software.
There is no doubt that Tradingview is the best crypto trading technical analysis software. Almost all great trading platforms have Tradingview integrated as their chart provider.
Technical analysis is crucial for crypto day trading to succeed when investing in cryptocurrencies, as shown by this article. Many platforms offer the service in charts, data indicators, and API tools. These instruments gather data and translate it into information for you.
Yet, we do need to emphasize the importance of your involvement. You are the one with a final decision on when and how to trade. Thus, you should not rely 100% on programs but use your knowledge and experience.
