#CryptoCharts101 Ready to decode crypto charts? Consider them as a language that reveals market sentiments. The most common type is the "candlestick" chart. Each candle shows the price movement over a specific period of time (e.g., 1 hour, 1 day). Green candles indicate that the price closed higher than it opened (bullish trend), while red ones mean it closed lower (bearish trend). The "body" of the candle shows the opening and closing, while the "wicks" or "shadows" extend to the highest and lowest prices reached during that period. Volume bars, usually at the bottom, indicate trading activity. High volume with strong price movement confirms trends. It is also important to learn to determine support and resistance levels, where prices tend to stop or reverse. Practice makes perfect!
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