What is the difference between Technical Analysis and Fundamental Analysis in crypto trading?

[Fidelia]

I have heard of technical analysis and Fundamental analysis in crypto trading. It is easy to mistake them to be one concept but they are two different concepts. What are then the major differences and aspects of each of technical analysis and fundamental analysis?

 

[SilverLance]

Technical analysis focuses on price trends and patterns for short-term trading decisions, fundamental analysis looks at the broader picture of a crypto's potential value for long-term investment.

 

[Suba]

Of course the main difference is the purpose, data source and object being analyzed, in fundamental analysis we analyze and review the development team, community, roadmap, blockchain technology, tokenomics and adoption. While in technical analysis, we prioritize quantitative trading indicators and charts to predict price direction.