#CryptoCharts101
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๐ Crypto Charts
Crypto charts display the price and trading activity of cryptocurrencies over time. They help traders and investors analyze trends, patterns, and potential entry or exit points. Common chart types include:
1. Line Chart
Shows the closing price of a coin over time.
Good for long-term price trends.
2. Candlestick Chart
Displays open, high, low, and close prices for a specific time period.
Used for short-term trading and technical analysis.
Patterns like Doji, Hammer, or Engulfing indicate potential trend reversals.
3. Volume Chart
Indicates the number of coins traded during a given period.
High volume can confirm the strength of a trend.
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๐ฐ Cryptocurrency
Cryptocurrencies are digital assets that use blockchain technology and cryptography for secure transactions. Examples:
Name Symbol Key Feature
Bitcoin BTC First and largest by market cap
Ethereum ETH Smart contracts & dApps
Binance Coin BNB Used on