#CryptoCharts101

Are you wondering how traders analyze cryptocurrencies? It's all about understanding the charts! Here are the key points:

* Candlesticks 🕯️: Each candle shows price movement (open, close, high, low). A green candle means an increase, and a red one means a decrease.

* Volume 📊: Shown below the chart and indicates trading activity. A large volume with strong price movement confirms the trend.

* Support and Resistance 📉📈:

* Support: A level where the price tends to stop falling and bounce back.

* Resistance: A level where the price tends to stop rising and bounce back.

* Technical Indicators 🛠️: Tools like moving averages (to determine the trend) and the RSI (to reveal overbought or oversold conditions) help in deeper analysis.

Charts are your tool to understand the market. With practice, you'll be able to read them confidently!

do your own research