#CryptoCharts101

Understanding Types of Charts:

Candlestick Charts: The most commonly used in market analysis, showing price movement over a specific time period.

Line Charts: Display price movement using a simple line connecting closing points.

Bar Charts: Show the open, close, high, and low price for each period.

Understanding Technical Indicators:

Moving Averages: Help determine the overall trend of the market.

Relative Strength Index (RSI): Measures the momentum of price movement to identify overbought or oversold conditions.

Volume: Used to analyze the strength of the current trend.

Analyzing Candlestick Patterns:

Such as Hammer and Engulfing Patterns that indicate potential reversals in trend.

Practical Application:

Use a demo account to practice reading charts without risking capital.