#CryptoCharts101 #CryptoCharts101 How to read the chart to avoid losing your deposit
Candles, lines, RSI, MA — what does it all mean? Don't worry, we'll figure it out!
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🟢 Candlestick chart
Each candle shows:
Opening price
Closing price
High and low for the period
🟩 Green — price increased. 🟥 Red — price decreased.
15-minute chart? Each candle represents 15 minutes of drama.
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📉 MA (Moving Average)
Average price over a certain period.
MA7 — quick reaction
MA25/99 — shows the overall trend
🔁 If the price is above MA — the trend is upward, below — downward.
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⚠️ RSI (Relative Strength Index)
Shows whether the asset is overbought or oversold:
RSI > 70 — 🛑 possible correction
RSI < 30 — 🟢 possible upward reversal
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📊 Volume
The larger the volume, the stronger the trend confirmation.
⬆️ High volume + movement up = true bull run
⬇️ Low volume = don't trust such growth
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🧠 Advice for beginners:
Combine indicators — never rely on just one.
Trading is like a multicooker: one button won't cook anything. 😉