#CryptoCharts101

What is CryptoCharts?

It is the analysis of charts to understand the price movements of cryptocurrencies and make smart trading decisions.

📊 Types of Charts:

1. Line: Simple, shows only the closing price.

2. Candlestick: The most commonly used, shows the open, close, high, and low.

3. Bar: Similar to candlesticks but in a different format.

⏱️ Time Frames:

Short (Minute, Hour): For quick speculation.

Long (Daily, Weekly): For investment.

🧱 Key Terms:

Support: A level that prevents the price from falling further.

Resistance: A level that prevents the price from rising further.

Trend: Upward, downward, or sideways.

Trading Volumes: The number of coins traded over a time period.

⚙️ Important Indicators:

Moving Averages

Relative Strength Index (RSI)

MACD

🧠 Tips for Beginners:

Start learning before real trading.

Keep an eye on the news in addition to analysis.

Use a demo account first.