#CryptoCharts101
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 Open, High, Low, and Close prices for each period.
- **Candlestick Chart**: The most common in trading. Each candlestick represents price movement in a specific time period:
- **Green**: Price increased (opening lower than closing).
- **Red**: Price decreased (opening higher than closing).
- **Wick**: Shows fluctuations during the period.
- **Heikin-Ashi Chart**: A smoother version of candlesticks
