#CryptoCharts101 Understanding Cryptography – a foundation for any trader. **Cryptography** – are visual tools that show the price movement of an asset over time, trading volumes, and help identify trends.
The most popular types of charts:
* **Candlestick Chart:** Each "candle" displays the opening, closing, high, and low prices for a specific period (timeframe – 1 minute, 1 hour, 1 day, etc.). This provides comprehensive information about price movement.
* **Line Chart:** Shows only the closing price for the selected period, creating a simpler overview of the overall trend.
Pay attention to **trading volume**, which indicates the strength of price movement. Charts help to see support and resistance – key levels where the price tends to stop or reverse. Master charts to make more informed decisions!
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