#CryptoCharts101
Understanding charts is not optional if you want to level up your crypto game. Here are some basics every Binance trader should know:
🔹 Candlestick Patterns
Green = Price Up 📈 | Red = Price Down 📉
Learn patterns like Doji, Hammer, Engulfing they tell stories.
🔹 Support & Resistance
Support = Price floor
Resistance = Price ceiling
Breakouts and bounces happen here.
🔹 Volume
Confirms momentum. No volume = weak moves.
🔹 Moving Averages (MA)
50/200 MA are popular for trend direction.
Golden Cross vs. Death Cross game changers.
🔹 RSI (Relative Strength Index)
Above 70 = Overbought
Below 30 = Oversold
Great for spotting potential reversals.
🔹 MACD
Crossovers show trend shifts.
Histogram helps spot momentum.
📌 Pro Tip: Don’t trade off one signal. Combine indicators for stronger confirmations!
Want chart examples or a breakdown of a live chart? Drop a coin name below! 👇