#TradingMistakes101 1

Reading and analyzing price charts is one of the essential skills that every trader in the cryptocurrency market should possess.

Understanding the price chart of the ETH/USDT pair, for example, can help in determining the overall trend, support and resistance levels, and optimal entry and exit points.

Among the most prominent types of charts used are: the line chart, the bar chart, and the candlestick chart, which is considered the most popular for its ability to show price behavior over different time periods.

Technical indicators such as moving averages (MA) and the relative strength index (RSI) are also used to enhance the accuracy of the analysis and predict market movements.

Relying on technical analysis without a full awareness of the general context of the market may lead to incorrect decisions. Therefore, it is essential to combine technical analysis with fundamental analysis to make informed decisions.