#CryptoCharts101

Understanding crypto charts is key to making smart trading decisions. At first glance, charts may seem complex—but they follow a few basic principles:

1. Candlestick Charts: These show the open, high, low, and close prices for a given time period. A green (or white) candle means price went up; red (or black) means it went down.

2. Timeframes: Charts can show data over minutes, hours, days, or months. Shorter timeframes (like 1-minute or 15-minute) are for day trading, while longer ones (daily, weekly) are better for long-term analysis.

3. Support and Resistance: These are levels where the price often reverses. Support is the “floor”; resistance is the “ceiling.”

4. Indicators: Tools like RSI, MACD, and Moving Averages help confirm trends and momentum.

Practice reading charts on platforms like TradingView. With time and patience, they’ll become your most powerful trading ally.