Understanding cryptocurrency charts is the first step to successful trading. Basic elements to know: candlestick chart, support and resistance levels, trading volume, and indicators (such as RSI or MACD).

Each candlestick on the chart shows how the price has changed over a specific period of time: the body of the candlestick indicates the opening and closing price, while the shadows indicate the highest and lowest price during that period. Green candlesticks signify an increase, while red ones indicate a decrease.