What is a Cryptocurrency Screener?

What is a Cryptocurrency Screener?

To achieve success in the cryptocurrency market, traders rely on a combination of fundamental and technical analyses. Beyond these essential methods, it's important to incorporate a range of supplementary factors, modern tools, and proven strategies. Among these resources, the cryptocurrency volatility screener stands out as a pivotal service, offering insights into the trading volumes of major players, coin information, graphical representations of changes, spread details, and more. This tool is particularly beneficial for traders looking to maximize profits over short to medium-term trading intervals.

The cryptocurrency volume screener is invaluable because it provides comprehensive and up-to-date information all in one place. Users are spared the hassle of searching through various portals or conducting their own analysis from scratch. Simply reviewing the data presented in tables and charts is enough to inform a trading decision.

Services are available in both free and paid versions. The paid version offers a wealth of features that allow for an in-depth analysis of all market nuances. This is especially relevant for users dealing with large volume purchases/sales. However, it's also useful for smaller positions. Ideally, a paid service should offer a demo mode to familiarize users with its functionalities, helping traders determine its ease of use, whether it covers all necessary data, and its overall utility.

How to Use a Cryptocurrency Screener?

For those new to the market of decentralized assets, it's advisable to start with the basics. Don't rush into mastering all the service's features at once. Begin by understanding what a cryptocurrency screener is, its purpose, and the terms under which it is provided to users. Once you've grasped the fundamentals, you can delve into more significant details.

An example of utilizing such a service can be seen with Cryptovizor. First, you'll need to register and then log into your personal account. Within your profile, you can access crucial information, such as:

  • Asset prices;
  • Cumulative delta (weekly value);
  • Volatility factors;
  • Current timeframe delta;
  • Trading volumes;
  • Moving averages.
  • RSI

Viewing basic data allows you to form an opinion on the chosen asset. If needed, open the graphical cryptocurrency screener for a faster and clearer understanding of the information.

Data is sourced from leading trading exchanges and is automatically updated, ensuring its relevance and accuracy.

Markers and tickers enhance usability by allowing you to draw lines and other indications to track asset movements and make timely trades. This is how a cryptocurrency screener is designed to be used, and you'll quickly become proficient in its analysis process.

By using a screener for cryptocurrency selection, you'll improve your trading metrics. With a reliable assistant like this, missing a market entry signal becomes less likely. The ability to choose timeframes enables situation assessment over any period, leading to profitable trades. Having all the relevant data in one service defines what a cryptocurrency screener is all about.