In technical analysis, the price of an asset is determined by the movement in the historical price of the asset. The analysts look at metrics such as the volume, price movement, chart patterns, other technical indicators to determine the value of the asset.  Technical analysis could be used to evaluate the risk management of an asset as it provides a model to analyse market structure. Technical analysis is widely used in cryptocurrencies as the market runs a lot on speculation and using technical indicators provides support in performing such analysis.