#CryptoCharts101
Reading charts is essential for crypto success. Start with candlesticks—green (bullish) and red (bearish) show price action. Key patterns:
• "Support/Resistance" – Price floors/ceilings where reversals happen
• "Trendlines" – Connect highs/lows to spot uptrends/downtrends
• "Moving Averages" – 50-day & 200-day MAs signal momentum shifts
• "RSI" – Above 70 = overbought, below 30 = oversold
Use higher timeframes (4H/daily) for clearer trends. Volume confirms breakouts—low volume = fakeout risk. Combine indicators (MACD + Bollinger Bands) but avoid clutter. Chart like a pro: Trade with the trend, not against it.