Perhaps one of the most importa initial steps for people ierested in digital currency trading and trading is recognition The best sites for technical analysis Is. These sites allow you to view live prices and price history of digital currencies and provide you with differe types of charts.
In this article 10 of the most importa and best sites for technical analysis And we examine their advaages and disadvaages together. Each of these platforms is suitable for differe traders and analysts; So you can ideify which one can help you more in technical analysis. Stay with us.
What are the best sites for technical analysis?
10 of the best sites for technical analysis These are:
- TradingView (TradingView)
- MetaTrader 4
- Analysis section (ideas) of Erzdigital website
- Insillico Terminal
- Coinigy
- Quadency
- Orion Terminal
- CryptoView
- LCX Terminal
- Tulip
TradingView (TradingView)
TradingView is the best site for technical analysis of digital currencies.
The TradingView platform collects cryptocurrency prices from multiple exchanges. Therefore, its data is updated instaly.
TradingView focuses a lot on its user community. This platform is the hub of activity for users who wa to share their ideas, indicators, charts and trading strategies with each other.
TradingView is one of the few all-in-one charting platforms out there. Users can plot their strategies across multiple markets and receive email or mobile alerts for price changes.
Read more: What is Trading View? Full explanation of Tradingview site and software + applications
Users can also create their own trading tools with Pine Script, which is TradingView's programming language. With these features, TradingView makes it very easy to spot profitable trading opportunities.
Additionally, TradingView has one of the widest collections of technical indicators and popular chart patterns that can be used alongside your trading strategy.
The good news is that in TradingView, traders can view various charts for free on their mobile phone or desktop. But to access more features and use pro or premium versions, they have to upgrade their accou in Trading View by paying the necessary fee.
Read more: Complete tutorial on how to use Tradingview and its tools
Upgrading to the paid version is worthwhile for those who are serious about pursuing a trading career; Because it provides more flexibility and capabilities, including the following:
- adding unlimited currency pairs to the watchlist;
- Ability to view and save multiple plans and analyzes on differe charts;
- Overlapping and comparing differe currencies and assets; For example, Bitcoin vs. Tether;
- The possibility of applying up to 5 indicators on each chart;
- Ability to set 10 notifications (alerts) in charts based on price or indicators;
- Backtesting (testing the strategy in the past) of trading strategies;
- Ability to collect TradingView Coins with which you can later upgrade your membership.
Advaages
- Iegration with the most popular exchanges;
- adjustable according to individual needs and the possibility of high personalization;
- has a free version;
- Reasonable price for pro and premium versions;
- The possibility of getting credits in the form of trading view coins.
Disadvaages
- Lesser known cryptocurrencies are not supported or displayed.
The link to login to the Trading View site: tradingview.com
MetaTrader 4
Metatrader 4 is the best choice for professionals.
Metatrader 4 has been one of the best sites for professional traders and technical analysts since 2005. Unlike many web-based platforms, MetaTrader 4 is exceptionally customizable and can be used to chart both digital currencies and traditional financial markets.
Metatrader 4 may look old and outdated, but don't underestimate its poteial in crypto trading and technical analysis. Metatrader 4 is a versatile charting tool with many customizable features, including scripting (a set of instructions written to automatically execute certain processes in a trade), unique indicators, and access to multiple accous.
Metatrader 4 also offers a wide range of useful trading tools, some of which include price change notifications, the ability to view multiple charts, and algorithmic trading bots that can be used to trade cryptocurrency pairs.
As one of the most widely used trading websites in the world, this platform iegrates more than 750 digital currency exchanges io its system through software and supports many currency pairs. Metatrader can be downloaded for desktop (Windows, Linux, Mac) and mobile (Android, iOS).
Ierestingly, using Metatrader 4 is completely free. It may be difficult to learn to work with it at first for beginners, but if you get past the learning phase, you will get access to a wide range of trading tools.
Advaages
- Absolutely free to download and use;
- Support for a wide range of digital currency markets and currency pairs;
- Highly customizable.
Disadvaages
- It may be difficult to use for beginners.
Metatrader 4 login link: metatrader4.com
Analysis section (ideas) of Erzdigital website
Ideas section of Erzdigital website is an ideal option for Farsi speaking users.
The ideas section of the Erzdigital website is an attractive and practical feature of this site, which is managed by the users themselves. In this section, users share their analysis of differe currencies.
Any user can upload their fundameal, technical or educational analysis in this section and top analysts are selected based on feedback from other users. Therefore, if you are looking for an Iranian reference or wa to share your analysis with others, we suggest
The link to eer the ideas section of the Arzdigital website: arzdigital.com/ideas
Insillico Terminal
Insilico Terminal is the best choice for customized indicators.
This website is relatively new and completely free and aims to provide advanced features for both professional and novice traders. Since its launch in 2021, Insilico Terminal has gained atteion for its advanced tools.
Orders are processed in Insilico Terminal with little delay and its trading ierface is programmable and customizable. It is also iegrated with major exchanges such as Binance, Baybit and Bitmax.
The main advaage of Insilico Terminal is its first-class capabilities and technical indicators. For example, its users have access to advanced order types such as Scale, TWAP and Swarm to eer buy and sell positions at the best possible price.
In addition, users can use insilico terminal charts, which have high ieractivity, to fill orders automatically without the need for manual typing.
Because Insilico Terminal is built for active traders, users must link an exchange to the platform via a set of API keys before viewing markets. Accordingly, the range of instrumes supported by Insilico depends on the exchange it is linked to.
Insilico Terminal is completely free and the company makes money by producing and selling indicators. The platform is only available for desktop and does not have a mobile version.
Advaages
- Completely free charting of digital currencies;
- High speed in executing orders;
- Very professional orders and indicators.
Disadvaages
- Iegration with limited exchanges;
- Requireme to provide API access at initial use.
Login link to Insillico Terminal website: insillicoterminal.com
Coinigy
Coinigi is the best choice for technical analysis of altcoins.
This platform is an application for managing a digital currency portfolio and using digital currency charts. Its main goal is to simplify the transaction process along with providing advanced technical tools.
Coinigi offers several ieresting tools to users who are not familiar with cryptocurrency portfolio manageme or finding profitable opportunities in the market; Including tools such as portfolio manageme, digital currency screener and a system for creating price change alerts.
Read more: What is a digital currency portfolio? How to make a digital currency portfolio?
Users can use the Arbitrage Screener in Coinigi to find price differences in exchanges. An arbitrage screener is a tool that monitors the price difference between the spot and futures (futures) markets on the same exchange or compared to a differe exchange.
Coinigi uses TradingView to chart digital currencies; This means that its users benefit from advanced charting capabilities and technical trading view indicators; But be careful that it does not offer the features of the premium version of TradingView.
Coinigi can be a good option for those who wa to view cryptocurrency charts from multiple exchanges on one website. This platform supports more than 5,000 digital currencies and more than 40 exchanges.
Unlike previous technical analysis websites, using Coinigi is not free and you have to pay $18.66 per moh to purchase a Pro subscription. Users who buy a subscription have access to more than 70 indicators and can connect any number of exchanges to it. Coinigi also has an installable program for Android and iOS operating systems.
Advaages
- Includes portfolio manageme tools;
- It supports more than 40 digital currency exchanges;
- It has a built-in screener to monitor altcoins.
Disadvaages
- It does not have a free plan;
- It does not have its own charting tool and uses Trading View software for charts.
Login link to Coinigy: coinigy.com
Quadency
Quadency is the best choice for trading on multiple exchanges.
Quadency is a versatile and iegrated cryptocurrency website that users can connect multiple cryptocurrency exchanges to and use to chart and trade on a single platform.
With Quadency, you no longer need to go to several differe exchanges for the transactions of a specific altcoin and their storage, and you can do all your transactions in one efficie platform.
Quadency offers simple yet powerful tools for charting, trading and managing cryptocurrencies. When it comes to technical analysis charts, Quadency has an eye-catching and convenie trading ierface powered by the TradingView engine.
Quadency also offers a selection of trading bots based on popular indicators such as RSI, MACD and Bollinger Bands. This platform has an artificial ielligence trading robot that performs two importa tasks:
- Gives users tips for digital currency transactions;
- It turns strategies written in simple seences io codes to automatically execute trades.
Quadency users can connect their cryptocurrency accous to chart their holdings and execute orders directly on the exchange. Once the exchanges are connected, your accou balance, transactions and orders will be automatically synced. This feature allows users to take corol of their trading accous on their desktop computers and mobile phones with just a few clicks.
Kodansi is free to use, but transactions involve fees starting at 0.08% per transaction. Of course, it is possible to reduce the fee costs by keeping the QUAD token (QUAD), which is the native token of this platform, or by increasing the volume of transactions.
This platform is suitable for traders looking to automate strategies without having to learn the TradingView scripting language.
Advaages
- It has an extensive list of automation tools;
- Subscriptions are not required for charts;
- One can create custom trading bots with it without any scripting knowledge.
Disadvaages
- Additional fees apply to transactions;
- It does not have additional analytical tools.
Login link to Quadency: quadency.com
Orion Terminal
Orion Terminal is the best deceralized platform for technical analysis.
Users can This unique deceralized platform allows you to draw complex trading strategies and conduct your transactions on multiple exchanges from a single platform.
Unlike other charting and technical analysis website tools, Orion Terminal is part of the Orion Protocol (ORN) digital currency project. To login to this platform, you need to log in through a digital wallet instead of a regular registration.
Orion Terminal enables access to importa features including Swap of digital currencies, bridging differe blockchains to each other and various liquidity pools.
Orion Terminal has implemeed trading view charts in its trading ierface. Although users can access a wide range of indicators and charting tools offered by Trading Way, some features such as setting price change notifications are not available in Orion Terminal.
Orion Terminal supports more than hundreds of altcoins and stablecoins, and its transactions are carried out on the Deceralized Exchange (DEX) of this platform.
The Orion Terminal mobile app is under developme and currely a desktop browser is available. The ieresting thing is that since Orion Terminal is a deceralized application (DApp), it can be accessed through deceralized application browsers such as Metamask. Orion Terminal tools are free to use, but there is a 0.2% spread fee when using it, or the difference between the selling price and the buying price.
Read more: What is a deceralized application or DAPP? How is a deceralized application made?
Advaages
- It is a completely deceralized platform;
- Access from desktop and browser of deceralized applications is possible.
Disadvaages
- It does not have its own charting tool and uses Trading View software for charts;
- It does not support ceralized exchanges such as Binance or ByBit.
Login link to Orion Terminal: orion.xyz
CryptoView
Cryptoview is the best choice for managing accous in differe exchanges.
CryptoView has an eye-catching design and is suitable for charting digital assets in various exchanges.
This platform has a unique user ierface that sets it apart from other options. Cryptoview syncs multiple cryptocurrency accous and wallets on its platform. It also has advanced features such as cryptocurrency trading and cryptocurrency portfolio manageme.
In addition to portfolio manageme functionality, Cryptoview Screeners offers an overview of the cryptocurrency portfolio with a focus on risk, customizable price alerts via web, email, and SMS, and the ability to manage multiple charts on a single page.
CryptoView's charting capabilities are taken from TradingView; This means that users can access a wide range of indicators.
When you connect your accous from differe exchanges, all open trading positions, pending orders, accou balances and trading history data on multiple exchanges are automatically displayed in CryptoView. Price alerts can also be set up in Cryptoview. However, to access the full functionality of this platform you need to give it API access.
CryptoView supports 16 exchanges and currely traders can access it for free. However, the team plans to release subscription versions soon, which are expected to cost around $15 per moh.
Advaages
- settings for displaying multiple charts;
- It has a mobile and desktop version.
Disadvaages
- Compared to other options, it does not have many special features;
- Its developme process seems slow.
Login link to Cryptoview site: cryptoview.com
LCX Terminal
LCX Terminal is the best choice in fiat currency exchanges.
This platform has one of the best charting tools for technical analysis. With support for most major exchanges and having thousands of trading currency pairs and other importa features around digital currencies, LCX Terminal is a great alternative to other charting platforms.
LIX Terminal seamlessly iegrates a wide range of required products io its platform; including an NFT market, a digital currency exchange and a launchpad.
Previously, LXX Terminal had two dedicated trading terminals with price alerts and various charts, but unfortunately, these products were discoinued due to low demand.
Therefore, the dedicated trading platform of LCIX Terminal is now unavailable, but users can still trade with LCIX Exchange. This exchange uses trading view charts.
However, LIX Terminal has some downsides such as expensive fees of 0.3% per transaction. Of course, these fees can be halved by paying with LCX tokens. Also, transactions can be done in euros on this platform, which makes it a popular option for European users.
Advaages
- Modern design suitable for charting;
- Iegration with TradingView charts.
Disadvaages
- The advanced trading terminal is not available, but the transactions are done in the exchange;
- The fee is high.
Login link to LCX terminal site: exchange.lcx.com
Tulip
Tulip is the best choice for free charting.
This platform is a new trading terminal designed for portfolio manageme and trading in multiple exchanges. Tulip is free to use, but paid versions will be launched after the beta version ends, and pricing has not yet been announced.
Tulip is still in the early stages of its developme and currely supports 5 differe exchanges. Although the trading ierface offered by Tulip is modern, it currely lacks the option to use indicators or charting tools. However, users can set differe types of orders in it.
Currely, Tulip does not have a mobile phone version, but its desktop version is a user-friendly platform and after completing its roadmap, it can have high poteial and many uses.
Advaages
- Simple graphical ierface;
- Support for a wide range of types of orders for trade;
- Support for 5 exchanges.
Disadvaages
- It does not have a chart analysis tool;
- It is currely in beta and is under developme.
Click on this link to eer the Tulip site.
General comparison of the best sites for technical analysis
In the table below, we take a general look at 9 of the best sites for technical analysis in this article and review their most importa pois:
| Website name | Number of supported exchanges | Subscription fee | Overall score (out of 5) |
| Trading View | More than 20 | From $14.95 per moh | 5 |
| Metatrader 4 | More than 750 | Free | 4.8 |
| Insilico Terminal | 5 | Free | 4.6 |
| Queenie | 46 | From $18.66 per moh | 4.5 |
| Quadency | 15 | Free (0.08% fee per transaction | 4.2 |
| Orion Terminal | Unknown | Free (0.2% fee per transaction) | 4.2 |
| Cryptoview | 16 | Free | 4.5 |
| Lcx terminal | Unknown | Free (0.3% fee per transaction) | 4.5 |
| tulip | 5 | Free | 3.6 |
Why is the price chart importa in technical analysis?
Charts are the main compones of technical analysis. Traders can analyze trading activities in differe time frames by these charts and ideify price patterns and trends of buyers and sellers.
Also, traders can manage their risk by using the chart and evaluate the probability of the future trend by visually understanding price movemes.
What does a graph show?
A price chart shows changes in supply and demand for an asset. Charts collect all the buying and selling transactions of an asset at any mome and display them visually.
Charts also capture curre expectations of future news and then react and change to discrepancies between these expectations and reality. With the emergence of new information, traders' predictions and expectations also change and this cycle coinues.
Types of charts in technical analysis
Here we examine the three most importa types of charts that are widely used in technical analysis; Line chart, bar chart and candlestick chart.
Line chart
Line charts provide a simple view of the overall price trend over time, but do not detail the price behavior during these periods and only consider the closing price (end of day price). It is also often used to get an overview of price movemes.
Bar chart
Bar charts are also abbreviated as OHLC, and unlike a line chart, a bar chart provides insights io market seime and volatility. Each bar can represe a specific period of time, such as a day, a week, or an hour. The structure of each rod consists of the following 4 parts:
- Opening price: The small horizoal line on the left is the opening price for that time period.
- Maximum price (High): The upper part of the vertical line indicates the highest price of that time period.
- Minimum price (Low): The lower part of the vertical line marks the lowest price of that time period.
- Closing price: The small horizoal line on the right is the closing price for that time period.
Candlestick chart
A candlestick chart shows the same price information as a bar chart, but in a more attractive and easy-to-use format. The upper line of the candle indicates the maximum price and the lower line indicates the minimum price. The body of the candlestick (the vertical rectangular part) is used to show the range between the open and close prices.
The upward or downward trend is indicated by the color of the candlestick body: green body means the closing price is higher than the opening price, red body means the closing price is lower than the opening price.
Candlestick charts are easier to ierpret and more visually appealing than traditional black and white charts or bar charts. Useful for ideifying market turning pois and reversal trends.
Read more: What is a candlestick chart?
Frequely asked questions
The number of digital currency technical analysis sites is huge today. Trading View and Metatrader are two of the best foreign examples, and if you are looking for a Persian source, we suggest you to use the ideas feature of Erzdigital website.
Technical analysis is based on the belief that price behavior has fixed patterns and will repeat its previous patterns. Despite the success of this type of analysis, fundameal factors such as sudden news or unexpected eves can change everything.
Conclusion
The most importa feature of the best sites for technical analysis is their efficie charting tools and software. With charts, technical traders can analyze trading activity in differe time frames and ideify price patterns and tendencies of buyers and sellers.
It is based on the data of these charts that traders decide when and at what price level to buy or sell a digital currency. In this article, we iroduced 9 of the best sites for technical analysis and checked their charting capabilities.
We also listed the number of exchanges that each one supports, their pricing and more features of each one. It is very importa to pay atteion to these things and choose a platform that suits your needs in order to perform effective technical analysis.
