Tips and Tricks for Using Dexscreener for Crypto Analysis

Bittime - Tips and Tricks for Using Dexscreener for Crypto Analysis. Decentralized exchanges (DEXs) are becoming increasingly popular in the crypto world, allowing users to exchange tokens without intermediaries.

However, to maximize the trading experience on DEXs, powerful analytical tools are required, one of which is DEX Screener.

DEX Screener is a crypto analytics platform that can help traders understand data on various DEXs, including token prices, liquidity, trading volume, and market trends in real-time.

What is DEX Screener?

DEX Screener is a leading charting and analysis tool that supports data from various blockchain networks, such as Ethereum, Solana, BNB Chain, Arbitrum, Avalanche, and Polygon.

The platform has become popular due to the various features it provides, all of which can be used for free.

Both beginners and experienced traders can utilize DEX Screener to effectively analyze crypto data.

Also read DEX screener: The Complete Guide for Crypto Traders

4. Key Features of DEX Screener

1. Real-Time Data

DEX Screener provides real-time on-chain data, including token prices, liquidity, trading volume, and market capitalization.

This data is pulled directly from various blockchain networks without going through external APIs, making it highly accurate and timely.

2. Technical and Fundamental Analysis

Using charts from TradingView, DEX Screener allows users to perform in-depth technical analysis.

Users can add indicators such as moving averages and Relative Strength Index (RSI), as well as select different chart types (lines, bars, candlesticks) and timeframes.

In addition, DEX Screener provides fundamental data such as market cap, FDV, and liquidity to support a more holistic analysis.

3. Trends, New Pairings, Gainers & Losers

DEX Screener also has a “Trends” feature that allows users to identify trending tokens based on current performance.

In addition, the “New Pairs” feature helps users monitor new tokens that have recently been added across various DEXs, while “Gainers & Losers” allows users to see the best and worst performing tokens.

4. Watchlist and Price Alerts

With DEX Screener, users can add their favorite tokens to a watchlist for easier monitoring.

In addition, there is a “Price Alerts” feature that allows users to set notifications for specific price or percentage changes on selected tokens.

Also read What is DEX Screener? Here are 7 DEX Screener Tools You Should Know!

4 Feature of How to Use DEX Screener

Here is a simple guide to using DEX Screener:

1. Technical Analysis

To perform a technical analysis, go to the main page of DEX Screener and select the token pair you want to analyze.

You can select tokens based on blockchain network, DEX, liquidity, and volume.

TradingView charts will provide various indicators and charting options that can be utilized to identify price trends and support/resistance points.

2. Trend Following Token Pairs

Click “Trends” on the menu on the left side to see a list of trending token pairs.

You can customize the search results based on price changes, volume, or time.

3. Adding Tokens to Watchlist

You can add the tokens you want to monitor to your watchlist for faster access.

There is an option to create multiple watchlists according to your preference.

4. Setting Price Alerts

To stay up to date with price movements, you can set up price alerts on specific tokens.

Select the desired target price or percentage change and enable browser notifications.

3 Reasons Why Use DEX Screener?

DEX Screener provides many benefits to DEX users, including:

1. Real-Time Data Directly from the Blockchain

All data is obtained directly from the blockchain network which is monitored in real-time, thus providing accurate information.

2. Support for Multiple Blockchains and DEXs

The platform supports more than 70 networks and dozens of DEXs, including Uniswap, PancakeSwap, SushiSwap, and others.

3. Free

All DEX Screener features are accessible for free, making it an ideal choice for all types of users.

3 Tips for Choosing Memecoins on DEX Screener

If you are interested in finding memecoins that have the potential to rise in the future, here are some tips:

1. Look at the Utility of the Token

Projects with a clear utility usually have better prospects. For example, memecoins that offer staking platforms like Crypto All-Stars.

2. Look at Community Strength

Communities that are active on social media indicate growth potential. Pay attention to activity on Discord, Twitter, and organic marketing campaigns.

3. Liquidity and Trading Volume

Tokens with high liquidity are more trustworthy, giving you the confidence to trade. Make sure to choose tokens that have a stable trading volume.

Conclusion

DEX Screener is a useful analysis tool for crypto traders using DEX.

With features such as real-time data, technical analysis from TradingView, and the ability to track trends and new token pairs, DEX Screener helps users make better decisions when trading.

For optimal results, make sure you utilize the watchlist and price alerts to stay up-to-date with market movements.

How to Buy Crypto on Bittime

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Reference:

https://www.tastycrypto.com/blog/dex-screener/