#CryptoCharts101 📊 : We Read Charts Like Professionals!**

🔍 **Basics of Cryptocurrency Analysis:**

Charts are the key to understanding the market. They help identify **trends, support and resistance levels**.

📌 **3 Main Types of Charts:**

📈 **Line Chart** – shows the overall direction of the price, suitable for quick analysis.

📊 **Candlestick Chart** – the most popular! Displays **open, close, high, and low** prices over a certain period.

📉 **Bar Chart** – similar to the candlestick chart, but with vertical lines indicating price changes.

💡 **Key Patterns:**

🔄 **"Double Tops"** – a signal of a potential downward reversal.

🔼 **"Flag"** – a strong continuation of the trend after a correction.

📉 **"Head and Shoulders"** – often signals a change in trend downward.

🛠 **Analysis Tools:**

📌 **SMA & EMA** – moving averages for identifying trends.

📌 **RSI (Relative Strength Index)** – shows the level of overbought or oversold conditions of an asset.

📌 **MACD** – helps find entry and exit points.