#CryptoCharts101

10 key points about crypto charts:

1. Visual Tool for Price Movement

Crypto charts show how the price of a cryptocurrency changes over time.

2. Candlestick Charts Are Most Common

Candlesticks display the open, high, low, and close prices for specific timeframes.

3. Timeframes Matter

You can view charts in various timeframes—1 minute, 1 hour, 1 day, 1 week, etc.—depending on your trading style.

4. Volume Shows Trade Activity

Volume bars help you understand how strong a price movement is.

5. Support and Resistance Levels

Charts help identify key price levels where a coin often bounces (support) or gets rejected (resistance).

6. Trend Lines Help Predict Moves

Drawing trend lines shows the direction of the market—uptrend, downtrend, or sideways.

7. Technical Indicators Guide Decisions

Tools like RSI, MACD, and Moving Averages help analyze momentum, trends, and reversals.

8. Patterns Can Signal Future Moves

Chart patterns like head & shoulders, triangles, and double tops/bottoms are used for forecasting.

9. Helps Control Emotions

Charts help traders make data-based decisions rather than emotional ones.

10. Essential for All Traders

Whether beginner or pro, reading crypto charts is crucial for smart trading.