#CryptoCharts101

ready to decipher crypto charts? Consider them as a language that reveals market sentiments. The most common type is the "candlestick chart". Each candlestick shows the price movement for a specific period of time (for example, 1 hour, 1 day). Green candles mean that the price closed above the opening (bullish trend), while red candles mean that it closed below (bearish trend). The "body" of the candle shows the opening and closing, while the "wicks" or "shadows" extend to the highest and lowest prices reached during this period. Volume bars, usually at the bottom, indicate trading activity. A high volume with a strong price movement confirms trends. It is also important to learn how to determine support and resistance levels, where prices tend to stop or reverse. Practice makes perfect!