📊 #CryptoCharts101 Master the Charts Like a Pro (Binance Square Guide)

Do you get lost among candles, lines, and patterns? Learn to read crypto charts in 5 minutes and make confident decisions. Technical analysis is not magic, it's logic!

🔍 3 Key Elements in Every Chart

1️⃣ Candlestick Patterns:

Green (bullish): Close > Open.

Red (bearish): Close < Open.

Helpful tip: Long shadows = price rejection (e.g., wick in $BTC at support).

2️⃣ Support/Resistance:

Supports: Areas where the price bounces (e.g., $0.40 in $WCT).

Resistances: Levels where the price halts (e.g., $0.45 in $WCT).

3️⃣ Basic Indicators:

RSI: >70 = overbought, <30 = oversold.

MACD: Line crossover = trend change.

📈 Patterns You MUST Know

✅ Head and Shoulders: Bearish reversal signal.

✅ Ascending Triangle: Bullish continuation.

✅ Hammer: Bounce after a drop.

Real example: The hammer in $BNB at $550 predicted a 20% rally.

🛠️ How to Practice on Binance

Use the "Technical Analysis" tool on the chart.

Draw supports/resistances with horizontal lines.

Backtest strategies in "Demo" mode.

🚀 Do you want me to go deeper into a pattern or indicator? Let me know in the comments!

(Example: "MACD Thread for Beginners")