#CryptoCharts101 Crypto Charts 101 – Learn to read the chart like a trader!
👁🗨 Only see colored lines? Here’s what it really means:
🔹 Candlesticks
Green = price has increased
Red = price has decreased
The body shows the opening/closing. The wick = daily highs/lows.
🔹 Volume
The bars below the chart: show how much was traded in a period. High volume = high interest 📈
🔹 Trends
Is the line going up? Uptrend (bullish) 🐂
Is the line going down? Downtrend (bearish) 🐻
🔹 Support & Resistance
Support = level where the price tends to stop falling
Resistance = level where the price has difficulty rising
💡 Used to decide when to enter or exit a position.
🔹 Popular indicators
RSI = overbought/oversold
MA (moving average) = smooths short-term movements
MACD = identifies trend changes