#CryptoCharts101

🔍 How to Read Charts in Crypto: A Short Guide

To successfully trade cryptocurrency, you need to understand charts — they show where the market is moving and where it's best to enter or exit a position.

📊 Main Types of Charts

• Line Chart — simple, shows the closing price.

• Candlestick Chart — the most popular: displays open, high, low, close.

🟢 Green candle — increase, 🔴 red — decrease.

🧠 What to Pay Attention To

• Trend: uptrend, downtrend, or flat.

• Support and resistance levels: zones where the price stops or reverses.

• Volume: reinforces the strength of the move.

⚙️ Useful Indicators

• SMA/EMA — average price.

• RSI — determines overbought conditions.

• MACD — shows trend changes.

✅ Conclusion

A chart is not just prices, but the psychology of the market. By studying it, a trader gains a competitive advantage. Want examples — reach out!