#CryptoCharts101 Understanding crypto charts is fundamental for any trader. The most common type is the candlestick chart, providing a wealth of information at a glance. Each "candlestick" represents a specific timeframe (e.g., 1 hour, 1 day) and shows four key prices: open, high, low, and close.

Green (or white) candles indicate a price increase (close > open), while red (or black) signals a decrease (close < open). The "body" of the candle shows the open/close range, and the "wicks" (or shadows) extend to the highest and lowest prices reached.

Beyond individual candles, traders look for chart patterns (like "Head and Shoulders" or "Double Top") and technical indicators (such as Relative Strength Index - RSI, or Moving Averages - MA) to identify trends, momentum, and potential reversals. The volume bars at the bottom also provide crucial insights into buying and selling activity. Mastering these basics allows for more informed trading decisions.