#CryptoCharts101 What to look for in a crypto chart

To read a chart effectively, keep an eye on:

1. Main trend

Bullish, bearish, or sideways? Identify the dominant direction (using moving averages or trend lines).

2. Supports and resistances

Levels where the price tends to bounce or stop. Essential for setting entries and exits.

3. Volumes

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4. Patterns

Triangles, double bottoms: they help to predict possible breakouts or reversals.

5. Technical indicators

RSI: measures overbought/oversold

MACD: reversal signals

Bollinger Bands: volatility and possible squeezes