Chart analysis in trading is the process of studying price action on a chart to understand trends and patterns and make informed investment decisions. Here are some basics of chart analysis:

1. Trends: Look for uptrends, downtrends, and sideways. Trendlines can be used to identify trends.

2. Support and Resistance: Identify price levels where the price is showing strong trends to bounce from (support) or rise (resistance).

3. Chart Patterns: Popular patterns such as the head and shoulders, ruby, and flag are important for determining whether the market is close to a trend change.

4. Technical Indicators: Use indicators such as MACD, RSI, and moving averages to get signals about the strength of the trend and price momentum.

5. Pivot Points: When you identify price turning points, you can identify potential levels of future support and resistance.

Remember to be careful and attentive when analyzing charts, and use a combination of these elements to make informed investment decisions.$SOL $ETH #MarketDownturn