#CryptoCharts101 Cryptocurrency charts are
visual representations
of data that show how prices and
trading volumes of cryptocurrencies
change over time. They
can be presented in
the form of line charts,
candlestick charts, or other
forms. In short, it is a compass in the world of cryptocurrencies. Charts allow for the identification of recurring patterns in price movement, such as rises, falls, or consolidations.
Based on data from charts,
traders can make
decisions about buying, selling, or
holding cryptocurrencies
Identify support and
resistance levels.
Main types of cryptocurrency
charts:
Line chart:
Shows price changes over time via
a line that connects data
points.
Candlestick chart:
Shows price changes over a specific
period (e.g., 1 hour, 1
day) using candles that
have a body and a shadow.
Trading volume:
A chart that shows the trading volume
of a cryptocurrency over a specific period. There are other types of charts, such as
visual data diagrams,
bar charts, cloud
charts, and others.