#CryptoCharts101 understanding market movements. Most charts use candlesticks, each telling a story of open, high, low, and close prices for a given timeframe. Green means the price went up, red means it went down.
Look for key elements:
* Timeframes: Switch between 1-minute, 1-hour, 1-day, etc., to see different perspectives.
* Volume: The bars at the bottom show trading activity. High volume with a strong price move makes the move more significant.
* Support & Resistance: These are price levels where the asset tends to find buyers (support) or sellers (resistance).
Start by observing basic trends and common patterns like triangles or double tops/bottoms. It's a journey, not a sprint! Happy charting!