Basics of Reading Crypto Charts |
Understanding crypto charts is essential for making smart trading decisions. A crypto chart shows the price movement of a coin over time, often through candlesticks. Each candlestick represents the open, high, low, and close price during a specific time frame. Green candles mean the price went up, red means it went down. Key chart patterns like support, resistance, and trend lines help predict possible price movements. Traders also use technical indicators like RSI (Relative Strength Index) and MACD to analyze momentum. Learning to read charts takes time, but it gives you an edge in the market. Practice daily and stay patient!
