Crypto Charts
When it comes to crypto trading, one of the most important tools is imperative is a crypto trading chart. Most live crypto charts provide real-time insights on trading volume, price movement, trend, and trading tools which significantly help traders to make strategic decisions before trading. Now let’s have a look at some of the basic questions that people have been asking recently.
Where can I monitor crypto prices?
Crypto price charts are widely available in most centralized exchanges (CEX), decentralized exchanges (DEX), or even price chart providers such as TradingView and Dailyfx. Traders can monitor price movement on most crypto charts free of charge but will have to pay a small percentage of the trading fee after any successful transaction. Some crypto charts with proper tools will even let traders scribble or leave remarks on the chart and save them for later uses.
How do I read crypto charts?
This article will not cover technical analysis aspects but rather key data points which will serve as the basis for chart monitoring. These key data points are fundamentally imperative and are listed as:
Current price - the price at which an asset is being bought or sold at that point in time. The current price changes over time along with the changes in supply and demand over the asset Trading pair - Every crypto asset on any chart is listed together with its trading pair. This allows traders to compare the price of the crypto asset relative to other types of assets such as fiat currencies High/Low - This part indicates the highest and lowest prices of an asset over the latest 24H Trading Volume - These figures show how much an asset has been traded over a set period of time Unit of time - This allows traders to adjust a unit of time for each candlestick which can represent as little as 1 minute to a day and a month Market trade - Some crypto chart includes market trade which shows the most recent transactions with trading volume made by other people
Although these key points are the very basic of chart monitoring, traders are advised to get accustomed to other tools and technical analysis skills which can greatly help to prevail in the market.
What should I look for in a crypto chart?
Once you are familiar with the basic key points, you can also gain some advantages for your trades from the following tips:
Overall trend - The most important basic knowledge is a trend. This will give traders a rough idea of the direction of the price. If it’s an upward trend, the price is expected to rise. If it’s a downward trend then the price is expected to fall. Pattern - Once the trend is identified, another useful tip is a pattern. In normal circumstances, prices follow certain patterns over and over. So, traders can take advantage of this. Indicators - There are several indicators available freely for traders to choose. And these indicators are very useful if applied strategically
There are several useful tips available for every trader, however, the most crucial part is choosing the ones suited to your trading preferences.
Does charting work for crypto?
Naturally, charting in crypto works the same as in stock charting. However, crypto assets are fundamentally different from stocks so traders should take this into consideration as well.
What is the best crypto charting app?
There are certainly many crypto charting apps available nowadays. But the most popular one that we can’t miss is TradingView. TradingView is a traditional price chart provider which covers most products in the world.
Another best free crypto chart is available in Arken Finance. A decentralized exchange aggregator with fully equipped trading tools for users. This includes a real-time price chart and its “Best rate engine 3.0” giving the best rate for users when swapping tokens. Additionally, Arken also offers “Stop-Limit for AMM” which allows users to set a condition to place a Limit-Order when the token reaches a specific stop price. This feature could significantly minimize the risks associated with the volatility of the crypto market.
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