Key Things to Look for on a Crypto Chart:
1. Trend Direction
Uptrend: Higher highs and higher lows – consider buying.
Downtrend: Lower highs and lower lows – consider selling or staying out.
2. Support and Resistance
Support: Price level where a coin tends to stop falling (buy zone).
Resistance: Price level where it tends to stop rising (sell zone).
3. Candlestick Patterns
Bullish patterns (e.g., hammer, bullish engulfing) often signal a buy.
Bearish patterns (e.g., shooting star, bearish engulfing) often signal a sell.
4. Volume
High volume on a breakout = strong move.
Low volume = weak or fake moves.
5. Indicators (Optional)
RSI (Relative Strength Index):
Above 70 = overbought (might sell).
Below 30 = oversold (might buy).
Moving Averages (MA):
Price above MA = uptrend.
Price below MA = downtrend.
6. News and Sentiment
Big news can move markets fast—charts may not warn you in time.