#CryptoCharts101

# Crypto Charts 101

Cryptocurrency chart analysis provides essential insights for trading decisions through visual price data representation. Candlestick charts display opening, closing, high, and low prices within specific timeframes, with green candles indicating price increases and red showing decreases. Key timeframes include 1-minute for scalping, hourly for day trading, daily for swing trading, and weekly for long-term analysis. Volume indicators reveal trading activity strength—high volume confirms price movements while low volume suggests weak trends. Moving averages smooth price data, with 20, 50, and 200-period averages providing dynamic support/resistance levels. RSI (Relative Strength Index) identifies overbought conditions above 70 and oversold below 30. MACD shows momentum changes through moving average convergences and divergences. Support and resistance levels mark areas where prices historically reverse. Chart patterns like triangles, head-and-shoulders, and flags predict potential breakout directions, helping traders time entries and exits effectively.