#CryptoCharts101 : Your Visual Guide to Smart Trading 🔍

Crypto charts might look like a bunch of squiggly lines, but once you learn how to read them, they become your best friend. Here’s Crypto Charts 101 to get you started:

🔑 Candlestick Patterns:

Each candlestick represents price movement over a set period. The color tells you if the price closed higher (green) or lower (red) than it opened. Patterns like Doji, Engulfing, and Hammer give hints about potential reversals.

📉 Support and Resistance:

Support = price level where buyers step in (floor)

Resistance = price level where sellers dominate (ceiling)

Knowing these levels helps you predict when price could bounce or break through.

📈 Moving Averages (MA):

SMA (Simple Moving Average) is the average price over a set period.

EMA (Exponential Moving Average) gives more weight to recent prices.

Crossovers (when short-term MA crosses long-term MA) are signals to watch for.

📊 Volume:

Volume shows the strength behind a price move. Low volume = weak move, high volume = strong momentum.

📉 Indicators and Oscillators:

RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) help determine if a coin is overbought or oversold, giving you clues about when to enter or exit.

Pro tip: Zoom out to understand long-term trends, then zoom in for the short-term details.

Master the charts, and you’ll see the market through a whole new lens. 📈👓