#CryptoCharts101 Correct Trading Here are some key points:
* Candlestick charts each candle shows the opening and closing price along with the highest and lowest price for a certain period green candles indicate a price increase and red candles indicate a price decrease.
* Trading volume refers to the amount of currencies traded a large volume with strong price movement confirms the trend.
* Support and resistance are price levels where the price tends to stop and reverse either upwards (support) or downwards (resistance).
* Trend lines define the overall direction of the market whether upward, downward, or sideways.
* Moving averages are indicators that help determine the overall price trend such as the 50-day and 200-day averages.
* The Relative Strength Index (RSI) measures price momentum and indicates overbought or oversold areas.
* Time frames allow you to analyze charts over different periods such as minute, hour, day, week.
Understanding these fundamentals helps you start analyzing the cryptocurrency market with confidence.