#CryptoCharts101
I will explain the topic to you simply and briefly:
"CryptoCharts" or "Cryptocurrency Charts" are simply maps that show the price movement of a specific cryptocurrency (like Bitcoin or Ethereum) over time.
Imagine it as a chart that illustrates:
* When the price went up and when it went down.
* What was the highest price the currency reached and what was the lowest price.
* Trading volume (the amount of currencies that were bought and sold).
Why are they important?
Because they help traders and investors to:
* Understand the history of price movement: Has the currency been rising or falling in the past?
* Predict potential trends: Is it likely that the price will rise or fall in the near future?
* Make buying and selling decisions: When is the right time to buy and when is the right time to sell.
Simply put: it is a visual tool that helps you read the "story" of the cryptocurrency price and make better trading decisions.