#CryptoCharts101 Learn to read charts like a pro
Are you familiar with the typical candlestick chart in trading and don't know where to start? Don't worry! Here is a quick guide to mastering the basics of crypto charts:
🕯️ Candlesticks
Each candle represents the price over a time interval. It shows:
Open
Close
High
Low
🟢 Green = up | 🔴 Red = down
📈 Trends
Bullish: Higher lows and higher highs
Bearish: Lower lows and lower highs
📐 Supports and resistances
Support: Price where the asset 'bounces' when falling
Resistance: Price where it 'stops' when rising
📊 Popular indicators
RSI (strength of the movement)
MACD (trend changes)
Volume (confirmation of movements)
💡 Tip: Don't trade solely on intuition. Learn to visually read market signals.