#CryptoCharts101 This is a basic guide, ideal for beginners who want to understand charts in the world of cryptocurrencies:

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🟩 1. Types of Charts

• Line Chart – shows the closing price over time; simple and readable.

• Bar Chart – shows open, close, high, and low.

• Candlestick Chart – most commonly used in cryptocurrencies; very visual.

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🕯️ 2. Understanding Japanese Candles

Each candle represents price movement over a specific time frame (e.g., 1h, 4h, 1D).

Components of a candle:

• Body: the difference between the opening and closing price.

• Shadow/Wick: shows the range of price movement.

• Color:

• 🟢 (green) = price increased

• 🔴 (red) = price decreased

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📉 3. Trends

• 📈 Bullish Trend – higher highs and higher lows

• 📉 Bearish Trend – lower highs and lower lows

• 🔁 Sideways Trend (consolidation) – price moves within a range without a clear direction

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📏 4. Support and Resistance

• Support – a level where the price tends to bounce upwards

• Resistance – a level where the price struggles to continue rising

Breaking these levels can indicate a strong movement.

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🧠 5. Popular Indicators

• RSI (Relative Strength Index) – measures market strength (overbought or oversold)

• MACD – shows potential trend changes

• Moving Averages (SMA/EMA) – smooth out the chart, showing the direction of the trend

• Volume – confirms the strength of price movement

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📊 6. Timeframe Matters

• 1m–15m – day trading / scalping

• 1h–4h – swing trading

• 1D+ – long-term investing

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📌 7. Candlestick Patterns

• Doji – market indecision

• Hammer / Inverted Hammer – potential trend reversal

• Engulfing – strong signal of trend change