$ETH $XRP $SOL #CryptoCharts101

Understanding how to read crypto charts is essential for trading. Whether you’re HODLing or scalping, chart literacy helps you make informed decisions.

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🕯️ Candlestick Charts – The Foundation

Candlestick charts are the most popular type of chart in crypto trading. Each candle tells a story.

Parts of a Candle:

Body: The thick part between open and close prices.

Green = Price closed higher than it opened (bullish)

Red = Price closed lower than it opened (bearish)

Wicks (or Shadows): Thin lines above and below the body.

Upper wick = High price

Lower wick = Low price

> Example: A long lower wick may indicate buying pressure (bullish signal).

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⏳ Chart Timeframes – Choose Your Lens

Each candle represents a specific time period:

1m, 5m, 15m → Great for day trading or scalping.

1h, 4h → Good for swing trading.

1D, 1W → Useful for long-term investing.