#CryptoCharts101 - a basic guide to understanding cryptographers.

Candlestick charts - the main tool for traders. Each "candle" shows the open, close, high, and low price over a selected time interval.

Trading volume - why is it important?

When the price rises on high volume, it means that there is real demand behind the movement, many people are buying. If the price rises and the volume is low, it may be a false signal.

Increasing volume during an upward/downward movement confirms the trend.

Decreasing volume is a signal that the trend is losing strength, a change in direction may be possible.

Always analyze volumes together with price, not separately. It will help to understand whether to trust the price movement and when to enter or exit a position.