#CryptoCharts101 : How to Read Crypto Charts for Beginners! 🧠

If you're just starting to trade crypto, charts can look intimidating. But don't worry, let's learn the basics!

1️⃣ Candlestick Chart

This chart is the most popular. Each "candle" represents the opening, closing, highest, and lowest prices in a specific time period (e.g., 1 hour, 1 day).

🔺 Green candle = price goes up

🔻 Red candle = price goes down

2️⃣ Support & Resistance

Support: price level where the price often bounces back up.

Resistance: price level where the price often bounces back down.

Knowing these areas can help you determine when to buy/sell.

3️⃣ Moving Average (MA)

This indicator shows the average price over a certain period. Example: MA50 = average price of the last 50 days. Suitable for seeing long-term trends.

4️⃣ Volume

The amount of assets traded. High volume often indicates strong momentum (up or down).

🎯 Tips:

Train your eyes by analyzing daily charts. Don't just buy because the chart is going up – first understand the context!

The more you understand charts = the more confident you'll be when trading!