#CryptoCharts101

Crypto Charts 101: Understanding the Basics

Candlestick Charts – The most common chart type; each candle shows the opening, closing, high, and low prices within a set time frame (e.g., 1h, 4h, 1D).

Volume – Indicates how much of a crypto asset is being traded; high volume often confirms price movement strength.

Support & Resistance – Support is a price level where demand prevents further decline, while resistance is where selling pressure halts upward movement.

Moving Averages (MA) – Help smooth out price action and identify trends. Common ones: 50-day MA (short-term), 200-day MA (long-term).

Indicators & Patterns – RSI (Relative Strength Index) helps spot overbought/oversold conditions; chart patterns like head & shoulders, flags, and triangles hint at potential moves.

Mastering crypto charts helps traders make informed, data-backed decisions instead of emotional guesses.