#CryptoCharts101 Crypto Charts 101

Cryptocurrency charts are essential visual tools for analyzing price behavior and making informed trading and investment decisions.

Main types of charts

Line chart

Shows the closing price over time.

It is simple and useful for observing general trends.

Bar chart

Each bar represents the opening, closing, high, and low price in a specific period.

Provides more information than the line chart.

Candlestick chart

Very popular among traders.

Each candle shows the opening, closing, high, and low.

The body of the candle indicates the difference between opening and closing.

The color (usually green or red) indicates whether the price went up or down during that period.

Key elements in charts

X-axis: Time (minutes, hours, days, weeks).

Y-axis: Asset price.

Volume: Bars that show the amount of assets traded, important for confirming movements.

Basic analysis with charts

Identifying trends: Upward, downward, or sideways.

Support and resistance: Levels where the price tends to stop or reverse.

Chart patterns: Formations that can indicate continuations or trend changes (e.g., triangles, head and shoulders).

Technical indicators: Tools such as moving averages, RSI, or MACD that help interpret price action.

How to get started?

Choose a platform with interactive charts (TradingView, Binance, Coinbase Pro).

Familiarize yourself with candlesticks and basic patterns.

Practice reading charts in different time frames.