#CryptoCharts101
Understanding cryptocurrency charts is the first step to successful trading. Basic elements worth knowing: candlestick chart, support and resistance levels, trading volume, as well as indicators (for example, RSI or MACD).
Each candlestick on the chart shows how the price changed over a certain period of time: the body of the candlestick indicates the opening and closing price, while the shadows indicate the highest and lowest price during this period. Green candlesticks signify an increase, while red ones indicate a decrease.
It is also important to understand trends: an uptrend indicates interest in the asset, while a downtrend indicates selling. Beginners should start with the daily timeframe (1D) and gradually move to shorter intervals for active trading.
Understanding charts allows traders to make informed decisions rather than acting blindly.
