🔰 #CryptoCharts101 📊🚀

Are you new to the world of cryptocurrency and want to understand cryptocurrency charts?

Don't worry! Here is a simplified guide to start your journey in technical analysis like a pro 💪

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1️⃣ Types of Charts:

Line Chart:

Displays price movement over time. Simple and easy to understand – suitable for beginners.

Bar Chart:

Shows the highest and lowest price as well as the open and close for each time period.

Candlestick Chart:

The most commonly used! Shows:

Open and Close

Highest and Lowest Price

🔺 Green = Up

🔻 Red = Down

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2️⃣ Important Technical Indicators:

Moving Average (MA):

Shows the overall trend of the price (upward or downward).

Relative Strength Index (RSI):

Measures momentum:

🔹 Above 70 = Overbought

🔹 Below 30 = Oversold

Support and Resistance:

Areas where the price may reverse.

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3️⃣ Golden Tips for Beginners:

✅ Start by understanding the basics before risking your money.

✅ Don't rely on a single indicator – combining indicators provides clearer signals.

✅ Keep up with the news! Political and economic events directly affect the market.

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💬 Share your opinion:

What technical indicator do you rely on the most in your analysis? 🤔📉📈