#CryptoCharts101 Understanding cryptocurrency price charts is essential for making informed trading decisions. Whether you're a beginner or looking to refine your skills, this guide covers the basics of reading crypto charts, key patterns, and essential indicators.
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## **1. Types of Crypto Charts**
### **A. Line Charts**
- The simplest type of chart, showing only the closing price over time.
- Useful for identifying long-term trends but lacks detail.
### **B. Candlestick Charts (Most Popular)**
- Displays **open, high, low, and close (OHLC)** prices for a given time period.
- **Green (or white) candles** = Price went up.
- **Red (or black) candles** = Price went down.
- Provides more information than line charts, including market sentiment.