#CryptoCharts101 Understanding charts is key to smart crypto trading. Whether you're a beginner or brushing up, here's a quick guide to help you read and use crypto charts effectively.

🔹 1. Candlestick Charts

Most traders use candlestick charts. Each candle shows:

Open price

Close price

High and Low for that time frame

🟢 Green = price went up | 🔴 Red = price went down

🔹 2. Time Frames Matter

1m, 5m, 15m: For scalping/intraday trades

1h, 4h: Good for swing trading

1D, 1W: Best for trend analysis

🔹 3. Support & Resistance

Support: A price level where the coin tends to stop falling

Resistance: A level where it tends to stop rising

Use these to identify entry/exit zones.

🔹 4. Indicators to Know

RSI (Relative Strength Index): Shows if a coin is overbought (>70) or oversold (<30)

MACD: Helps spot trend reversals

Volume: Confirms strength behind a move

🔹 5. Chart Patterns

Recognize shapes like:

Head and Shoulders (reversal)

Triangles (continuation or breakout)

Double Top/Bottom (reversal signals)

💡 Pro Tip: Don’t rely on just one signal. Combine multiple indicators and practice on demo accounts before going live.