#CryptoCharts101 How to read a chart to avoid losing your deposit
Candles, lines, RSI, MA — what does all this mean? Don't worry, we'll understand it now!
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🟢 Candle chart
Each candle shows:
Opening price
Closing price
High and low of the period
🟩 Green — the price has gone up. 🟥 Red — it has gone down.
15-minute chart? Each candle — 15 minutes of drama.
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📉 MA (Moving Average)
Average value of the price over a specific period.
MA7 — quick reaction
MA25/99 — shows the general trend
🔁 If the price is above MA — bullish trend, below — bearish.