#CryptoCharts101

# 📊 Crypto Charts 101 — Your Guide to Understanding Cryptocurrency Charts and Prices

If you are new to the world of cryptocurrency, learning to read **charts** will help you make smart decisions. Here are the basics:

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## 🧱 First: Types of Charts

1. **Line Chart**

* Shows price movement over time with a simple line.

* Useful for beginners to understand the overall trend (up/down).

2. **Candlestick Chart**

* **The most commonly used** in crypto and trading.

* Displays 4 pieces of information for each period: **open, high, low, close** prices.

* Green = Up, Red = Down.

3. **Bar Chart**

* Similar to candlesticks but with a different design.

* Used in classical technical analysis.

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## 🕒 Second: Time Frames

| Frame | Usage |

| ------------------ | --------------------- |

| 1 Minute / 5 Minutes | Quick Trading (Scalping) |

| 1 Hour | Daily Trades |

| 4 Hours / Daily | Medium-Term Trading |

| Weekly / Monthly | Long-Term Analysis |

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## 🧠 Third: Important Terms on the Chart

* **Trend**: Is the market bullish or bearish?

* **Support**: A level that prevents the price from falling further.

* **Resistance**: A level that is difficult for the price to surpass upwards.

* **Volume**: The number of coins traded – helps measure the strength of the movement.

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