Cryptocurrencies came into our lives to change it forever. Mastering how digital assets work and getting the maximum value from using them are the skills most of us should possess to achieve the much-desired success in monetising our funds and earning passive income. The community is rapidly growing, with new projects launched regularly and helpful technical analysis tools for cryptocurrency presented to help beginners and advanced investors get market-shifting information at the moment when it truly matters. What are the best technical analysis tools for cryptocurrency StormGain can recommend you to use? This article presents our hand-picked collection of tools for technical analysis that will give you an edge in the competitive crypto market.

What are crypto analysis tools?

Tools for crypto technical analysis are software platforms or applications that help traders and investors navigate the digital asset market and make correct, timely decisions. Such tools offer crypto technical analysis for beginners, help you perform successful on-chain analysis, read and understand market trends, and quickly access valuable insights and recommendations on effectively navigating the volatile crypto space.

The best technical analysis tools for cryptocurrency come in different forms and offer various features and capabilities. Some focus on real-time price updates of the top-trending and new cryptocurrencies, while others provide technical analysis and charting capabilities. You may also come across the best crypto tools for DeFi that allow crypto enthusiasts to gain insights into smart contracts, transaction volumes, on-chain data, and other blockchain activities. 

Generally speaking, tools for crypto technical analysis for beginners and pros share a series of common features. Let's get them listed below. 

• Real-time and historical price tracking for various cryptocurrencies; 
• In-depth price charts and advanced technical analysis indicators;
• Market trends indicators that offer price movement data, trading volumes, and market sentiment;
• On-chain data analytics for blockchain platforms, including blockchain metrics, transaction volumes, and other data;
• Risk management tools offering insights into market volatility, liquidity, and other risk factors;
• Educational resources for beginners. 

Benefits of using technical analysis tools for cryptocurrency

Before jumping to our list of the best tools for crypto, let's see how you can benefit from cryptocurrency trading and analysis tools. 

• Making more informed investment decisions. Whether you are looking for overall data about a specific crypto project or need to dive into more advanced technical details to get insights on when it's better to buy, sell and hold digital assets, you can find useful tools for crypto trading and analysis that offer chart patterns and other indicators. 
• Staying informed of the latest industry news. By relying on the best crypto analysis tool, you can set your price alerts and be more prepared for sudden price changes by watching the live news feed. 
• Building more trust in the crypto industry by accessing the information shared throughout crypto communities and tracking the overall status and health of the chosen crypto asset or a blockchain network.
• Enjoying a smooth crypto journey. The amount of information crypto traders and investors should analyse is overwhelming. By relying on cryptocurrency's best technical analysis tools, you simplify how you search and understand information. All you should know about will be gathered in a single place, letting you search for relevant details using the search feature. 

At StormGain, you can take advantage of another great benefit, which is that you can make your first trade for free. To start crypto trading for free, simply register on the StormGain platform and complete email verification. 

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10 best technical analysis tools for cryptocurrency

Enough said, let's get straight to the list of the best websites for crypto analysis. Although there are plenty of tools for crypto trading and analysis, we've chosen the technical analysis tools for beginners that we consider the best in the class for this showcase. Let's check them out.

TradingView

TradingView is one of the most popular cryptocurrency trading tools and crypto analysis websites. It is an excellent choice for beginners and experienced traders. The platform offers advanced charting tools and plenty of technical analysis indicators, drawing tools, and customisable charts for in-depth crypto analysis. 

TradingView is beginner-friendly. The platform features an intuitive interface that makes navigating and applying technical analysis techniques easy. Besides, an active and vibrant community keeps you updated on the latest trends and offers valuable learning sources. 

CoinMarketCap

CoinMarketCap is known as one of the best websites for crypto analysis. It offers comprehensive insights on cryptocurrency prices, market capitalisation, trading volumes, coins' circulating supply, all-time highs and lows, etc. The website has an extensive database of historical cryptocurrency prices, letting you conduct technical analysis on a broader scale and identify potential support and resistance levels.

Using CoinMarketCap, you can create customisable watchlists to track the price movements of your preferred digital assets. You can also set price alerts, allowing you to quickly act on potential trading opportunities. 

CoinGecko

CoinGecko is one of the most useful tools for crypto, helping you make informed trading decisions. The platform offers extensive digital currency data, including price movements and fundamental analysis. CoinGecko also functions as a Web3 research tool, highlighting information on a token's market capitalisation, supply, historical data, and basic information. Besides, it's one of the best tools for crypto technical analysis for beginners. It offers detailed records on a token's trading pairs, helping you easily find the best crypto exchanges for trading certain coins.

CryptoQuant

CryptoQuant is one of the best crypto tools focusing on on-chain data and market indicators. The platform offers valuable charts about every aspect of the cryptocurrency market. Unlike other tools for crypto trading, CryptoQuant provides vital insights into the new flows of crypto exchanges, suggesting the best time for buying and selling. Using CryptoQuant, you can identify the key metrics to follow in your research and remain updated on the latest information about those metrics.

CryptoWatch

CryptoWatch is one of the best crypto technical analysis tools for beginners and seasoned traders. It allows users to execute trades directly on the platform. The platform provides live data from over 800 exchanges, lets you design a dashboard based on the data you truly want to see, tracks market movements, and places trades on specific exchanges. 

Messari

Messari is particularly useful for understanding crypto market trends and project fundamentals. It's one of the best technical analysis tools for cryptocurrency, offering insights into different aspects of crypto projects, including team members, treasury information, tokenomics, etc. It's a great solution for beginners and seasoned pros who want to get the latest insights into specific projects. Messari is the best crypto analysis tool for people who wish to gain an edge with advanced technical tools and research. 

DefiLlama

The platform focuses on DeFi metrics, providing up-to-date details from over 2000 protocols and 100 blockchains. DefiLlama is one of the best websites for crypto analysis for users who want to gain information about Total Value Locked (TVL) numbers. The website offers data in easy-to-understand visuals, making DefiLlama a comprehensive crypto technical analysis tool for beginners. 

Token Metrics

The Token Metrics platform uses advanced AI algorithms that analyse over 6000 crypto and NFT projects. It offers portfolio management and market analysis tools, making it a perfect fit for beginners and pros. Besides, Token Metrics offers real-time buy and sell signals, helping traders execute timely decisions based on market analysis. You are also provided with handy portfolio management tools with recommendations based on your investment goals and risk tolerance.

CoinMarketCal

CoinMarketCal is an intuitive calendar tool for tracking events related to cryptocurrencies and blockchain platforms. It helps traders explore listed events, add their own events, undergo a verification process, and promote crypto events to the community. 

ChartStar

ChartStar is one of the newest cryptocurrency trading tools. It provides technical analysis and trading signals. It offers advanced charting capabilities, allowing users to analyse price movements. The platform also lets traders use different chart types, including candlestick and line charts, to visualise market trends and identify patterns.

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How to choose the best crypto analysis tool

Besides relying on the best technical analysis tools for cryptocurrencies in recommendations like ours, it's also essential to consider several fundamental factors in choosing the best crypto analysis tool aligning with your experience, trading style, and specific analysis needs. Here are several primary considerations for making the right choice: 

1. Trading style and experience. The best crypto technical analysis tool for beginners should feature a straightforward, user-friendly interface with basic indicators. Day traders should better rely on tools that offer real-time data, a wide range of technical indicators, and advanced charting features. Long-term investors should better choose such tools of technical analysis that prioritise on-chain data analysis to understand network activity and long-term trends.
2. Specific analysis tools. If you focus on trading analysis, consider using technical analysis tools with charting tools and indicators. If you are more interested in on-chain data analysis, use cryptocurrency trading tools that offer insights into blockchain activity, transaction volumes, and network health. 
3. Platform features. The best technical analysis tools for cryptocurrency should provide functionality such as charting tools, up-to-date data feeds, backtesting capabilities (to let you test trading strategies with historical data to assess the potential effectiveness of the chosen asset), an alerting system for automated technical indicator triggers, and educational resources.
4. Integration with exchanges. Consider choosing the best crypto tools to integrate seamlessly with popular crypto exchanges for seamless trading and alerts.

StormGain, one of the best cryptocurrency trading tools

Choosing the best technical analysis tools for cryptocurrency is vital for making informed investment and trading decisions. Choose the best crypto tools based on your needs, experience, trading style, platform features and integration capabilities. When looking for crypto technical analysis tools for beginners, mind the usability of the chosen website for crypto analysis and whether educational materials are comprehensive enough for your quick start. 

If you are looking for the best option for technical analysis in cryptocurrency trading, StormGain should be your best option. Our platform offers: 

• User-friendly interface simplifies the trading process, letting you quickly navigate the available tools without a steep learning curve. 
• A demo account with a virtual balance lets you better familiarise yourself with the platform and StormGain tools without any financial risks.
• Integrated trading signals based on technical indicators, helping you make informed decisions. Each trading signal includes Take Profit and Stop Loss parameters for better risk management.
• Up to 300x leverage options let traders relying on technical analysis to identify favourable trading opportunities amplify potential profits.
• Educational resources and free training help beginners better understand the cryptocurrency world. Advanced users may consider relying on educational materials to improve their knowledge and skills and make more informed trading decisions. 

StormGain is available across mobile and desktop devices, allowing traders to easily access their accounts and perform technical analysis. Sign up today and discover all the features of the StormGain platform by yourself. 

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