#CryptoCharts101
**Binance Crypto Chart 101: A Beginner’s Guide**
Understanding Binance’s trading charts is essential for crypto success. The platform offers advanced tools, but beginners should start with the basics:
### **1. Candlestick Charts**
Each "candle" shows an asset’s price movement within a set time (1min, 1hr, 1day, etc.). Green candles mean the price rose; red means it fell. The wicks indicate highs/lows, while the body shows opening/closing prices.
### **2. Key Indicators**
- **Moving Averages (MA):** Smooths price trends (e.g., 50-day MA crossing above 200-day signals a bullish trend).
- **Relative Strength Index (RSI):** Measures overbought (>70) or oversold (<30) conditions.
- **Volume Bars:** High volume confirms trend strength.
### **3. Support & Resistance**
Support is where buying interest rises (price floor); resistance is where selling pressure increases (price ceiling). Breakouts above resistance or below support often lead to big moves.
### **4. Chart Types**
- Line charts (simple trend tracking).
- Depth charts (order book liquidity).
Mastering these basics helps spot trends, manage risk, and make informed trades. Practice with Binance’s demo mode before risking real funds!
