#CryptoCharts101

Crypto charts are essential tools for analyzing market trends and making informed trading decisions. Here are the key types and elements:

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🔹 Types of Crypto Charts

1. Line Chart

• Shows price over time using a simple line.

• Good for identifying general trends.

2. Candlestick Chart

• Most popular chart in trading.

• Displays open, high, low, and close (OHLC) prices.

• Each “candle” represents a specific time frame (e.g., 1h, 4h, 1d).

3. Bar Chart

• Similar to candlesticks but visually different.

• Also shows OHLC data.

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🔹 Chart Indicators

• Moving Averages (MA/EMA): Show average price over time, helps identify trends.

• Relative Strength Index (RSI): Measures overbought/oversold conditions.

• MACD: Helps spot trend changes and momentum.

• Volume: Indicates market interest and strength behind moves.

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🔹 Chart Patterns

• Head & Shoulders, Triangles, Flags: Help predict price movements.

• Support & Resistance Levels: Indicate where price may bounce or break through.