#CryptoCharts101 Dive into #CryptoCharts101! ๐Ÿ“ˆ Candlestick charts are your primary tool, showing open, high, low, and close prices. Green (or white) means the price rose, red (or black) means it fell.

Key concepts:

* Support & Resistance: Price levels where buying (support) or selling (resistance) pressure often reverses.

* Trendlines: Connect highs or lows to identify market direction (uptrend, downtrend, sideways).

* Volume: Shows trading activity; higher volume confirms price movements.

* Indicators: Tools like RSI (Relative Strength Index) signal overbought/oversold conditions, and MACD (Moving Average Convergence Divergence) tracks momentum.

* Chart Patterns: Formations like triangles, head and shoulders, or double tops/bottoms can signal continuations or reversals.

Always use multiple tools and timeframes for better analysis!