#CryptoCharts101
Crypto charts visually represent historical price data, trading volume, and market trends of cryptocurrencies over time. They are crucial tools for technical analysis, helping traders identify patterns like support and resistance levels, and predict future price movements.
Common types include:
* Candlestick charts: Most popular, showing opening, closing, high, and low prices for specific timeframes.
* Line charts: Simplest, connecting closing prices to illustrate general trends.
* Bar charts: Similar to candlesticks but less visually intuitive for many.
Traders use these charts with various indicators to make informed buying and selling decisions in the volatile crypto market.