Best Crypto Technical Analysis Tools of 2022

Crypto technical analysis tools enable traders to make better trading decisions, saving a lot of time and effort.

 

Key Takeaways

  • Crypto technical analysis tools help investors make an informed, well-researched, and best-suited trading decision.

  • TradingView is the primary crypto charting tool for most crypto investors.

  • Coinigy is an advanced multi-exchange tool that integrated 45 crypto exchanges on the platform.

  • CryptoWatch allows traders to access live-streamed price, volume, and order book data.

  • Messari is a crypto data aggregator that offers daily insights, long-form research, advanced screening, charting, and watchlist features.

  • Glassnode provides on-chain data metrics and helps investors to predict the future price movements of crypto assets.



Top Crypto Tools for Technical Analysis

Cryptocurrency tools help investors in saving a lot of time and effort in analyzing the market data. By experimenting with different tools, investors can find out the tools that make them operate efficiently. Finding the right tool helps them make an informed, well-researched, and best-suited trading decision based on the market condition.


Let us explore 5 crypto technical analysis tools that will help investors in trading digital currencies.


1. TradingView

TradingView crypto analysis platform
TradingView

TradingView is the most popular platform that offers live trading charts for crypto and stocks. It is a huge charting platform that offers numerous technical indicators, which helps in the technical analysis of assets.


The online charts of TradingView are available for both free and premium users. The platform offers three types of paid plans - Pro, Pro +, and Premium. Though there are additional benefits in having a paid membership, a free account is more than enough for new investors to get started and learn the basics of technical analysis. If users want to get access to premium tools, they can start a free trial for 30 days. Free accounts have access to the same professional tools as pro users but they are limited to three indicators and overlays per chart.


The platform has integrated its set of tools with the popular crypto exchanges and the combined results are greatly useful in making the best-suitable trading decisions. TradingView is the main cryptocurrency charting tool for most crypto traders in performing technical analysis.


Summary:

  • Free account comes with several indicators and chart patterns. Best for beginners.

  • Pro account starts at USD 14.95 per month. Good for intermediate and advanced users.

  • Best for beginners to start with.


2. Coinigy

Coinigy crypto analysis tool
Coinigy

Coinigy is another extremely popular technical analysis tool for the crypto market. It is the most advanced multi-exchange crypto trading platform in the crypto world. Besides providing charting tools, Coinigy offers many other features that help traders develop and execute their trading strategies.


Coinigy’s charting service is built on top of the TradingView platform but with some additional features and benefits. It uses customized data feeds for users by integrating with more than 45 cryptocurrency exchanges. Users of Coiningy can make use of the same indicators available on TradingView as well as trade crypto assets on multiple exchanges.


Additionally, traders can even set up SMS and email price alerts to stay ahead of the game by executing trades at the right time. Coinigy offers three types of plans - free plan, pro plan, API developer pro. If users trade crypto assets on more than one platform, then it is the best choice.


Summary:

  • Coinigy free account is available with basic features and high-definition charting.

  • Pro account charges USD 18.66 per month. API developer pro charges USD 99.99 per month.

  • Best platform for traders who has crypto assets across different exchanges.


3. CryptoWat.ch

Cryptowatch crypto analysis tool
Cryptowatch

CryptoWat.ch is another comprehensive technical analysis tool owned by Kraken, one of the leading crypto exchanges. The platform allows traders to access live-stream price, volume, and order book data from more than 800 cryptocurrency exchanges. Even though the dashboard of CryptoWatch seems intimidating, it is an easy tool for analyzing crypto price changes.


Besides viewing the live data from crypto exchanges, CryptoWatch includes several technical analysis tools and overlays to assist traders to make the right call. This charting tool does not include many indicators and drawing tools but visualizes more than 10 charts in one view. CryptoWat.ch is completely free so it is worth using the tool for crypto technical analysis.

Summary:

  • Free account is available with good core functionalities like charting, connecting to an exchange, portfolio, and customized themes.

  • Add-on functionalities are available with ala carte pricing for a customized plan.


4. Messari

Messari crypto analysis tool
Messari

Messari is a crypto data aggregator that provides several helpful tools to analyze charts and make trading decisions. Crypto traders can customize their research on the platform by utilizing a variety of filters such as sector, price, and market cap.


The charting tool of Messari provides access to more than 900 crypto OHLC charts in a time period varying from 5 minutes to two weeks. Besides charting tools, crypto traders can also utilize several technical indicators like Bollinger Bands, moving averages, etc.


Crypto traders can make the most of this platform by taking Messari Pro membership. Messari Pro includes daily insights, long-form research, advanced screening, charting, and watchlist features. The platform provides price alerts only through email for real-time updates. Users can even download the data from Messari to a spreadsheet.

Summary:

  • Pro account starts at USD 24.99 per month.

  • “Messari enterprise” plan is the best option for blockchain companies, crypto funds, and infrastructure providers. The plan offers a 14-day free trial and the total cost is $1,125 per month.


5. Glassnode

Glassnode crypto analysis tool
Glassnode

Glassnode is an on-chain data analysis and intelligence platform. It gathers data from several blockchain networks, measures crypto network activity, and then presents its report metrics and insights to crypto investors.


As an on-chain data platform, Glassnode provides the on-chain metric data such as the number of active addresses and the number of transactions. When both of these metrics rise, the market condition will lead to a rising price. Hence, on-chain data is crucial for investors to decide the demand for a blockchain network and make trading decisions.


Crypto investors can use Glassnode to explore market indicators for any cryptocurrency to get a better idea of the market situation. Additionally, users can also set up alerts and download the data from Glassnode. The platform allows users to create custom alerts for on-chain metrics and it gives notifications through email and telegram.


Summary:

  • Free Glassnode account is available for users. It provides on-chain network and market metrics for users.

  • The advanced account starts at $29 per month and the professional account charges $799 per month.

  • Glassnode also provides a tailored plan that includes the most advanced features for organizations.


Perform better cryptocurrency analysis

Crypto traders can save a lot of time with the help of tools in analyzing the market price changes and making trading decisions. By trying out the tools we have mentioned, investors can perform technical analysis effectively and predict future price movements.