#CryptoCharts101 How to Read Cryptography: Basics for Traders

Successful trading starts with the ability to “read” the chart. The most common is the candlestick chart, where each candlestick shows the opening price, closing price, high, and low for a certain period.

🔹 Green candlestick — the price increased during the period

🔹 Red candlestick — the price decreased

Key elements of the chart:

1. Support and resistance levels — areas where the price stops or bounces back.

2. Trend — the direction of the market movement: upward, downward, or flat.

3. Candlestick patterns — for example, “hammer,” “engulfing” — signals of market changes.

4. Trading volume — shows interest in the asset, confirms the strength of the trend.

📉 Reading the chart is not magic, but a skill that develops with practice. Observe, analyze, test — and over time you will begin to “see” the market more clearly.