#CryptoCharts101
Crypto Charts 101:
Understanding charts is key to smart trading. Here are the basics:
1. Candlestick Charts – Each candle shows price movement (open, high, low, close) in a timeframe.
2. Support & Resistance – Support is a floor; resistance is a ceiling. Watch for breakouts.
3. Volume – High volume confirms price moves; low volume suggests weakness.
4. Moving Averages (MA) – Smooths out price. Golden cross = bullish. Death cross = bearish.
5. RSI (Relative Strength Index) – Above 70 = overbought. Below 30 = oversold.
6. MACD – Tracks momentum. Crossovers hint at trend shifts.
7. Chart Patterns – Triangles, head & shoulders, flags signal moves.
Master the chart, master the market. 📊📈
#CryptoCharts #TechnicalAnalysis #BinanceTips #CryptoTrading #Candlestick101 #RSI #MACD