The horizontal axis (X-axis): Represents time. The time period can be in seconds, minutes, hours, days, weeks, months, or even years. You can choose the time frame that suits your strategy.

The vertical axis (Y-axis): Represents price. It shows the price at which the asset was traded during the specified time period.

Common types of charts:

There are several types of charts, and the most common are:

Line Chart:

It is the simplest type of chart.

It connects closing points (or opening or average) of the price over a time period, forming a single line.

It provides a quick view of the overall trend, but does not provide much detail about the price movement within each period.

Bar Chart:

It shows a vertical bar for each time period.