#CryptoCharts101 #CryptoCharts101 refers to the foundational knowledge required to read and analyze cryptocurrency price charts, essential for both beginners and seasoned traders. At the core are candlestick charts, which display price movements over time—each candle showing the open, high, low, and close for a given period. Key concepts include support and resistance levels, which indicate potential price floors and ceilings, and trend lines that highlight upward or downward momentum. Common tools include Moving Averages (MA) to smooth out price data, Relative Strength Index (RSI) to measure market momentum, and MACD (Moving Average Convergence Divergence) for identifying trend reversals. Volume indicators also help gauge the strength of price movements. Technical patterns like head and shoulders, flags, and triangles signal possible future moves. Understanding these basics empowers traders to make more informed decisions, manage risk, and improve timing in volatile crypto markets. It's an essential skill set in the world of digital assets.