#CryptoCharts101 CryptoCharts101

Ready to decode crypto charts? Think of them as a language revealing market sentiment. The most common type is the "candlestick" chart. Each candle shows price movement over a specific timeframe (e.g., 1 hour, 1 day). Green candles mean the price closed higher than it opened (bullish), while red means it closed lower (bearish). The "body" of the candle shows the open and close, while the "wicks" or "shadows" extend to the highest and lowest prices reached. Volume bars, usually at the bottom, indicate trading activity. High volume with strong price movement confirms trends. Learning to identify support and resistance levels, where prices tend to pause or reverse, is also crucial. Practice makes perfect!