#CryptoCharts101

Reading charts on a cryptocurrency exchange is the process of analyzing and interpreting price change charts of cryptocurrencies, which helps traders and investors make informed decisions about buying and selling. On a cryptocurrency exchange, various types of charts can be used: line charts, bar charts (candlesticks), and others.

Elements of cryptocurrency charts:

Price lines:

Connect data about the price of a cryptocurrency at different points in time.

Candlesticks:

Show the opening, closing, minimum, and maximum prices over a certain period of time (for example, 1 minute, 1 hour, 1 day).

Trading volume:

Shows the amount of cryptocurrency traded over a certain period of time.

Indicators:

Additional tools that help identify trends and other market tendencies (for example, moving averages, relative strength index (RSI), MACD).

Analysis tools:

Tools for drawing lines, channels, shapes, and other elements that help analyze charts.