#CryptoCharts101 Basic guide to reading cryptocurrency chartsUnderstanding cryptocurrency charts is key to making informed decisions. Here is a quick introduction:Japanese candles: Each candle shows the opening, closing, high, and low price in a period (1h, 4h, 1d). Green candles indicate increases; red ones indicate decreases.Supports and resistances: Supports are levels where the price tends to rise; resistances are where it usually falls. Identify them in areas where the price repeatedly bounces or stops.Trend lines: Connect rising lows (uptrend) or falling highs (downtrend) to foresee movements.Volume: Bars at the bottom of the chart. High volume confirms strong movements; low volume indicates weakness.Moving averages: Lines that average past prices (e.g., MA50, MA200). Crosses between them can indicate changes in trend.RSI (Relative Strength Index): Measures whether an asset is overbought (>70) or oversold (<30). Use it to detect possible reversals.Patterns: Triangles, flags, or double tops/bottoms can predict continuations or changes in trend.Practice on platforms like TradingView. Combine technical analysis with fundamental analysis and risk management. Master the charts and improve your trading! #CryptoTips