#CryptoCharts101
Crypto charts are your essential window into market activity. They visually plot an asset's price and trading volume over time. Understanding them is crucial for informed trading. Key elements include:
1. **Candlesticks:** Each "candle" shows the open, high, low, and close price for a specific period (e.g., 1 hour, 1 day). Green/white often means price rose; red/black means it fell.
2. **Volume Bars:** Usually below the price chart, they show how much crypto was traded in each period. High volume often confirms price moves.
3. **Trendlines:** Lines drawn connecting highs (resistance) or lows (support) help identify potential trend direction and reversal points.
Mastering these basics helps spot patterns, gauge sentiment, and make better entry/exit decisions. đ