#CryptoCharts101 1. Types of Charts
- Line Chart: Shows price movement over time, ideal for beginners.
- Bar Chart: Displays the highest and lowest price over a specified time period.
- Candlestick Chart: The most popular! Shows opening, closing, highest, and lowest price with colors (green for up, red for down).
2. Basic Technical Indicators
- Moving Average (MA): Helps to identify the overall trend.
- RSI (Relative Strength Index): Measures momentum (if above 70: overbought, below 30: oversold).
- Support and Resistance Levels: Areas where a change in direction is expected.
3. Tips for Beginners
✅ Start by understanding the basics before trading.
✅ Use indicators wisely and do not rely on just one indicator.
✅ Follow the news! Global events significantly impact prices.