Beginner's Guide to Reading Cryptocurrency Charts (CryptoCharts101)**

## **1. Types of Charts in Trading**

There are several main types of cryptocurrency charts, each with its uses:

- **Line Chart**: The simplest form, connecting closing prices over time. Good for beginners but lacks detail.

- **OHLC Chart**: Shows the opening (Open), high (High), low (Low), and closing (Close) price for each period.

- **Candlestick Chart**: The most popular in trading. Each candlestick represents price movement over a specific time period:

- **Green**: Price has increased (opening is lower than closing).

- **Red**: Price has decreased (opening is higher than closing).

- **Wick**: Shows volatility during the period.

- **Heikin-Ashi Chart**: A smoother version of candlesticks, reducing noise to clarify the overall trend.