#CryptoCharts101

### **How to Read Cryptocurrency Charts: Basics for Beginners**

Cryptocurrency charts are a fundamental tool for market analysis. Properly reading them helps make informed trading decisions.

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#### **1. Types of Charts**

- **Line Chart** – shows the overall price movement, suitable for quick trend analysis.

- **Candlestick Chart (Japanese Candles)** – displays the opening, closing, high, and low prices for the selected period.

- **Bar Chart** – similar to candlesticks, but represented as vertical lines with price markings.

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#### **2. Key Elements of Candlestick Analysis**

- **Body of the Candle** – the difference between the opening and closing price.

- **Wicks (Shadows)** – show the maximum and minimum price for the period.

- **Green Candle** – the price has increased (closing above opening).

- **Red Candle** – the price has decreased (closing below opening).