#CryptoCharts101
Here's a comprehensive guide to reading crypto charts:
Chart Types
1. *Line Chart*: Displays closing prices over time.
2. *Candlestick Chart*: Shows open, high, low, and close prices for a given period.
3. *Bar Chart*: Similar to candlestick charts but uses bars instead of candles.
Candlestick Patterns
1. *Hammer*: Bullish reversal pattern.
2. *Shooting Star*: Bearish reversal pattern.
3. *Doji*: Neutral pattern indicating indecision.
4. *Engulfing*: Bullish or bearish reversal pattern.
Trends and Support/Resistance
1. *Uptrend*: Successive higher highs and higher lows.
2. *Downtrend*: Successive lower highs and lower lows.
3. *Support*: Price level where buyers step in.
4. *Resistance*: Price level where sellers step in.
Indicators
1. *Moving Averages (MA)*: Smooths out price action.
2. *Relative Strength Index (RSI)*: Measures overbought/oversold conditions.
3. *Bollinger Bands*: Measures volatility.
4. *MACD*: Measures momentum.