#CryptoCharts101
Are you new to the world of cryptocurrency and want to understand cryptocurrency charts? Don't worry! Here's a simplified guide to start your journey in chart analysis like a pro!
1. Types of Charts
- Line Chart: Shows price movement over time, ideal for beginners.
- Bar Chart: Displays the highest and lowest price over a specific time period.
- Candlestick Chart: The most common! Shows open, close, high, and low prices with colors (Green for up, Red for down).
2. Basic Technical Indicators
- Moving Average (MA): Helps identify the general trend.
- RSI (Relative Strength Index): Measures momentum (If above 70: Overbought, below 30: Oversold).
- Support and Resistance Levels: Areas where a trend change is expected.