#CryptoCharts101 Reading charts is one of the key skills of a trader, especially when it comes to timing trades. Understanding market structure helps to distinguish potential growth from false signals.

I focus on classic chart patterns:

🔹 "Double bottom" and "double top" — signals of a possible trend reversal;

🔹 "Flag", "pennant", "wedge" — continuation of the trend after consolidation;

🔹 "Head and shoulders" — a reliable reversal signal;

🔹 Support and resistance levels — the foundation of entry and exit analysis.

I determine the trend by the structure of highs and lows, using moving averages (50 EMA and 200 EMA) and indicators such as MACD and RSI to confirm the strength of the movement.

For example, at the beginning of 2024, thanks to the "pennant" pattern and the narrowing triangle on ETH/USD, I accurately identified the upward breakout and entered the position before the impulse began.

Reading charts is not just technical analysis, but a tool for making decisions without emotions. Constant practice, keeping a chart journal, and attention to detail make the analysis increasingly accurate and effective.

As they say here, as in any business, discipline and patience are required, which will turn into experience. Wishing everyone success.