New Trend in Financial Analysis

TradingView, one of the world’s leading platforms for analyzing financial markets, has announced the expansion of its services to include full support for Coinbase perpetual contracts. This update allows users to analyze a wide range of cryptocurrency contracts, including popular currencies such as Bitcoin and Litecoin.

Adding Data for 50 Cryptocurrency Indices

This new integration includes data for the 50 cryptocurrency index listed on Coinbase. These currencies are selected based on their high market cap and liquidity levels, ensuring that the best performing currencies in the market are tracked.

This update enhances traders’ ability to access up-to-date and accurate data that helps them make investment decisions based on in-depth analysis.

Improvements to the Screener and Addition of Social Metrics
TradingView has made significant improvements to its Screener, including new social metrics aimed at measuring market sentiment. These metrics include:

Sentiment Score: Measures the general direction of traders’ sentiment towards a particular currency.
Social Dominance: Shows how much influence a cryptocurrency has on social conversations across platforms.

These indicators are presented on a scale of 0 to 100, providing traders with new insights into market dynamics based on user and community engagement with cryptocurrencies.

Market Trends: Based on investor sentiment and community discussions.
Expanded Analysis Options: Thanks to the addition of Coinbase perpetual contract support, analysis is more accurate and comprehensive.

With these updates, TradingView continues to offer cutting-edge tools that make it the go-to platform for crypto traders. This trend could be the beginning of a new era of financial analysis, where social data plays a pivotal role alongside technical and financial data.

Posted using Tribaldex Blog