#CryptoCharts101 📊 #CryptoCharts101: Learn to read charts like a pro
Does the typical candlestick chart in trading sound familiar, and you don't know where to start? Don't worry! Here is a quick guide to mastering the basics of crypto charts:
🕯️ Candlesticks
Each candle represents the price over a time interval. It shows:
Open
Close
High
Low
🟢 Green = up | 🔴 Red = down
📈 Trends
Bullish: Higher lows and higher highs
Bearish: Lower lows and lower highs
📐 Supports and resistances
Support: Price where the asset “bounces” when falling
Resistance: Price where it “stops” when rising
📊 Popular indicators
RSI (relative strength index)
MACD (moving average convergence divergence)
Volume (confirmation of movements)
💡 Tip: Don't trade just on intuition. Learn to read market signals visually.