#CryptoCharts101

(CryptoCharts101)**

## **1. Types of Charts in Trading**

There are several main types of cryptocurrency charts, each with its uses:

- **Line Chart**: The simplest form, connecting closing prices over time. Good for beginners but lacks detail.

- **OHLC Chart**: Shows the Open, High, Low, and Close prices for each period.

- **Candlestick Chart**: The most common in trading. Each candle represents price movement over a specific time period:

- **Green**: Price increased (open is lower than close).

- **Red**: Price decreased (open is higher than close).

- **Wick**: Shows volatility during the period.

- **Heikin-Ashi Chart**: A smoother version of candlesticks.