#CryptoCharts101

Understanding Trading Charts:

Trading charts are visual representations of price movements over time and are essential for technical analysis. The most common types include:

1. Line Charts – Simple, showing only closing prices over a period. Best for identifying overall trends.

2. Bar Charts – Display open, high, low, and close (OHLC) prices for each period, offering more detail.

3. Candlestick Charts – Similar to bar charts but visually intuitive, with colored candles (green/red) indicating bullish or bearish movements.

4. Renko & Heikin-Ashi Charts – Filter out noise, focusing on pure trends by eliminating minor price fluctuations.

Key Elements of Charts:

- Timeframes (e.g., 1-minute, daily, weekly) help traders analyze short-term swings or long-term trends.

- Support & Resistance levels highlight where prices may reverse or stall.

- Indicators (like moving averages or RSI) can be overlaid to confirm trends or signals.

Mastering chart analysis helps traders spot opportunities, manage risk, and make informed decisions. Whether scalping or investing, charts are a trader’s roadmap to the markets.