What are the best sites for digital currency technical analysis?

Perhaps one of the most important initial steps for people interested 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 different types of charts.

In this article 10 of the most important and best sites for technical analysis And we examine their advantages and disadvantages together. Each of these platforms is suitable for different traders and analysts; So you can identify 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 instantly.

TradingView focuses a lot on its user community. This platform is the hub of activity for users who want 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 account 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 different charts;
• Overlapping and comparing different 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.

Advantages

• Integration 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.

Disadvantages

• 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 potential 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 accounts.

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 integrates more than 750 digital currency exchanges into its system through software and supports many currency pairs. Metatrader can be downloaded for desktop (Windows, Linux, Mac) and mobile (Android, iOS).

Interestingly, 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.

Advantages

• Absolutely free to download and use;
• Support for a wide range of digital currency markets and currency pairs;
• Highly customizable.

Disadvantages

• 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 different currencies.

Any user can upload their fundamental, 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 want to share your analysis with others, we suggest

The link to enter 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 attention for its advanced tools.

Orders are processed in Insilico Terminal with little delay and its trading interface is programmable and customizable. It is also integrated with major exchanges such as Binance, Baybit and Bitmax.

The main advantage 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 enter buy and sell positions at the best possible price.

In addition, users can use insilico terminal charts, which have high interactivity, 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 instruments 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.

Advantages

• Completely free charting of digital currencies;
• High speed in executing orders;
• Very professional orders and indicators.

Disadvantages

• Integration with limited exchanges;
• Requirement 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 interesting tools to users who are not familiar with cryptocurrency portfolio management or finding profitable opportunities in the market; Including tools such as portfolio management, 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 different 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 want 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 month 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.

Advantages

• Includes portfolio management tools;
• It supports more than 40 digital currency exchanges;
• It has a built-in screener to monitor altcoins.

Disadvantages

• 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 integrated 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 different exchanges for the transactions of a specific altcoin and their storage, and you can do all your transactions in one efficient 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 convenient trading interface 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 intelligence trading robot that performs two important tasks:

• Gives users tips for digital currency transactions;
• It turns strategies written in simple sentences into codes to automatically execute trades.

Quadency users can connect their cryptocurrency accounts to chart their holdings and execute orders directly on the exchange. Once the exchanges are connected, your account balance, transactions and orders will be automatically synced. This feature allows users to take control of their trading accounts 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.

Advantages

• 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.

Disadvantages

• 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 decentralized platform for technical analysis.

Users can This unique decentralized 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 important features including Swap of digital currencies, bridging different blockchains to each other and various liquidity pools.

Orion Terminal has implemented trading view charts in its trading interface. 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 Decentralized Exchange (DEX) of this platform.

The Orion Terminal mobile app is under development and currently a desktop browser is available. The interesting thing is that since Orion Terminal is a decentralized application (DApp), it can be accessed through decentralized 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 decentralized application or DAPP? How is a decentralized application made?

Advantages

• It is a completely decentralized platform;
• Access from desktop and browser of decentralized applications is possible.

Disadvantages

• It does not have its own charting tool and uses Trading View software for charts;
• It does not support centralized exchanges such as Binance or ByBit.

Login link to Orion Terminal: orion.xyz

CryptoView

Cryptoview is the best choice for managing accounts in different exchanges.

CryptoView has an eye-catching design and is suitable for charting digital assets in various exchanges.

This platform has a unique user interface that sets it apart from other options. Cryptoview syncs multiple cryptocurrency accounts and wallets on its platform. It also has advanced features such as cryptocurrency trading and cryptocurrency portfolio management.

In addition to portfolio management 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 accounts from different exchanges, all open trading positions, pending orders, account 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 currently traders can access it for free. However, the team plans to release subscription versions soon, which are expected to cost around $15 per month.

Advantages

• settings for displaying multiple charts;
• It has a mobile and desktop version.

Disadvantages

• Compared to other options, it does not have many special features;
• Its development 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 important features around digital currencies, LCX Terminal is a great alternative to other charting platforms.

LIX Terminal seamlessly integrates a wide range of required products into 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 discontinued 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.

Advantages

• Modern design suitable for charting;
• Integration with TradingView charts.

Disadvantages

• 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 management 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 development and currently supports 5 different exchanges. Although the trading interface offered by Tulip is modern, it currently lacks the option to use indicators or charting tools. However, users can set different types of orders in it.

Currently, 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 potential and many uses.

Advantages

• Simple graphical interface;
• Support for a wide range of types of orders for trade;
• Support for 5 exchanges.

Disadvantages

• It does not have a chart analysis tool;
• It is currently in beta and is under development.

Click on this link to enter 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 important points:

Why is the price chart important in technical analysis?

Charts are the main components of technical analysis. Traders can analyze trading activities in different time frames by these charts and identify 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 movements.

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 moment and display them visually.

Charts also capture current 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 continues.

Types of charts in technical analysis

Here we examine the three most important 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 movements.

Bar chart

Bar charts are also abbreviated as OHLC, and unlike a line chart, a bar chart provides insights into market sentiment and volatility. Each bar can represent 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:

1. Opening price: The small horizontal line on the left is the opening price for that time period.
2. Maximum price (High): The upper part of the vertical line indicates the highest price of that time period.
3. Minimum price (Low): The lower part of the vertical line marks the lowest price of that time period.
4. Closing price: The small horizontal 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 interpret and more visually appealing than traditional black and white charts or bar charts. Useful for identifying market turning points and reversal trends.

Read more: What is a candlestick chart?

Frequently asked questions

Conclusion

The most important feature of the best sites for technical analysis is their efficient charting tools and software. With charts, technical traders can analyze trading activity in different time frames and identify 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 introduced 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 important to pay attention to these things and choose a platform that suits your needs in order to perform effective technical analysis.