Crypto charts are the foundation of technical analysis and a critical tool for any trader aiming to make informed decisions. Among the various chart types, candlestick charts are the most widely used due to the detailed information they provide. Each candle shows the opening, closing, high, and low prices for a specific time frame. Reading candlestick patterns like doji, engulfing, or hammer can help predict potential reversals or continuations. Besides the chart itself, indicators such as RSI (Relative Strength Index), MACD, Bollinger Bands, and Moving Averages add another layer of analysis, helping traders understand market momentum and trends. Support and resistance zones are key areas where price tends to react, and identifying them allows for better entry and exit points. Learning how to read charts is not about predicting the future, but about managing risk and improving the probability of success. Practice and backtesting are essential to master chart reading effectively.
