#CryptoCharts101 Candles (Japanese Candlesticks)

Each candle shows:

• Open — opening price

• Close — closing price

• High/Low — maximum and minimum

Green = rise, red = fall. Candles form patterns — signals to act.

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📈 2. Support and Resistance

• Support level: the price from which the asset often bounces upwards.

• Resistance level: where the price 'hits' and rolls back down.

The more often the price tests a level — the stronger it is.

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📉 3. Trend

• Uptrend: a sequence of rising lows and highs.

• Downtrend: falling lows and highs.

• Flat/Sideways: price moves in a corridor.

Trend — your friend. Don't argue with it.

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📊 4. Volume

High volume confirms the strength of the movement.

Low volume — possibly a false movement or consolidation.

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🔄 5. Indicators (but wisely)

• RSI (Relative Strength Index): overbought (>70) / oversold (<30)

• MACD: line crossings — reversal signals

• Moving Averages (SMA, EMA): show trend and entry/exit points

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🧠 6. Formations and Patterns

• Bullish: 'Double Bottom', 'Flag', 'Wedge Up'

• Bearish: 'Head and Shoulders', 'Triple Top', 'Flag Down'

It is important not only to see but also to confirm with volume and candles.