To be able to do technical analysis of a crypto pair, you need to understand what a trading pair is and how it works. A trading pair is a combination of two assets that can be traded for each other on an exchange.

For example, BTC/USDT is a trading pair that combines Bitcoin with Tether, the largest stablecoin pegged to the U.S. dollar.

Here are some steps to follow to do technical analysis of a crypto pair:

  1. Choose the right trading pair: Before deciding on which crypto pair to trade, you must have worked out the right technical and fundamental trading strategies that work for it. You should also consider the liquidity of the pair and the exchange where it is traded

  2. Understand the market: To use technical analysis, you need to understand the market and the factors that affect the price of the crypto pair you are trading. This includes understanding the supply and demand dynamics, news and events that can impact the market, and the behavior of other traders.

  3. Use technical indicators: Technical indicators are mathematical calculations based on the price and/or volume of a crypto pair that can help you identify trends and potential entry and exit points. Examples of technical indicators include moving averages, relative strength index (RSI), and Bollinger Bands.

  4. Analyze price action: Price action analysis involves studying the price movement of a crypto pair to identify patterns and potential trading opportunities. This includes looking at support and resistance levels, trend lines, and chart patterns.

  5. Combine technical and fundamental analysis: Technical analysis is just one tool for trading crypto pairs. To make informed trading decisions, you should also consider fundamental factors such as the underlying technology, adoption rate, and regulatory environment.

  6. Practice and refine your strategy: Technical analysis is not a foolproof method for trading crypto pairs, and it takes time and practice to develop a successful trading strategy. You should backtest your strategy using historical data and paper trade before risking real money.