#CryptoCharts101 CryptoCharts101 – Understanding the Basics of Market Charts

Reading crypto charts is one of the most important skills for any trader or investor. It helps you analyze trends, make informed decisions, and avoid emotional trading.

Here are the basics you should know:

Candlesticks: Each candle shows price movement over a specific time. Green means price went up, red means it went down.

Support and Resistance: Support is the price level where the market tends to stop falling. Resistance is where it tends to stop rising.

Volume: Shows how much of the asset is being traded. High volume can confirm trends.

Indicators: Tools like RSI, MACD, and Moving Averages help predict future price movement.

Time Frames: Charts can be viewed in different time frames like 1 minute, 1 hour, 1 day. Shorter time frames are for quick trades, longer ones for long-term analysis.

Learning how to read charts doesn’t guarantee profits, but it gives you a strong edge in the market.

Stay informed. Trade smart.