Recently, market analysis has seen an increased focus on the importance of understanding charts as a fundamental tool for making informed trading decisions in the cryptocurrency market. Key concepts highlighted include candlestick patterns, which provide a clear insight into price movements and market momentum at any given moment, helping traders identify reversal or continuation points. The importance of support and resistance levels has also been emphasized, as they represent critical areas where price often moves predictably, making them a basis for developing more effective entry and exit strategies. Trading volume, in turn, has been a point of interest, as it is a vital indicator of trend strength; the higher the volume, the more credible the price movement. Additionally, the role of technical indicators such as RSI, MACD, and moving averages has been reviewed, which are used to detect overbought conditions or potential reversals. Multi-timeframe analysis has also been proposed as an effective methodology that provides traders with a broader perspective on the overall context and available opportunities. Finally, the integration of on-chain data, such as wallet movements and transaction counts, has become a complementary factor that helps predict major shifts before they are actually reflected in prices. Together, these elements enhance the accuracy of analysis and reduce emotional trading and uncalculated risks.
