#CryptoCharts101

Understanding cryptocurrency charts is essential for every trader. The charts show price movements over time, revealing patterns and trends. The most common types are candlestick charts, where each candle represents a period and shows opening, closing, high, and low prices. The body of the candle indicates the open/close range, while the "wicks" or "shadows" show the highs and lows.

Indicators like the RSI (Relative Strength Index) measure the strength of price movements, suggesting overbought or oversold conditions. Moving averages smooth out price data to identify trends. Studying trading volumes is equally crucial, as high volume validates price movements. Learning to read these elements provides a solid foundation for informed trading decisions.