Reading #CryptoCharts101 effectively requires understanding both candlestick patterns and key indicators. A single green or red candle isn’t enough; look for patterns like hammers, dojis, or engulfing candles to identify potential reversals or continuations. Combine these with indicators such as RSI (Relative Strength Index) to gauge overbought or oversold conditions, and MACD (Moving Average Convergence Divergence) to track momentum shifts. Volume analysis also adds depth: rising price with growing volume can confirm a breakout, while low volume may signal a false move. By synthesizing these elements—candles, indicators, volume—you can make more informed entries and exits, rather than trading on guesswork.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.