#CryptoCharts101

. Candlestick Basics: Each candle represents a time period (e.g., 1 hour, 1 day). The body shows open/close prices, while wicks (shadows) show high/low. Green (bullish) means close > open; red (bearish) means close < open.

2. Timeframes: Shorter timeframes (1m, 5m) are noisier but great for day traders. Longer ones (1D, 1W) smooth out noise for swing or position traders. Always align your timeframe with your strategy.

3. Support & Resistance: These are key price zones where the market often reverses or stalls. Draw horizontal lines at levels where price repeatedly bounces (support) or gets rejected (resistance).

4. Trendlines: Connect at least 2-3 points (lows for uptrends, highs for downtrends). A break above/below a trendline can signal a trend change or continuation.

5. Volume: High volume confirms a move’s strength. For example, a breakout with low volume is less trustworthy than one with a volume spike.

6. Indicators:

• RSI: Ranges 0-100. Below 30 suggests oversold (potential buy), above 70 suggests overbought (potential sell).

• MACD: Tracks momentum via two lines (MACD and signal). A crossover above the signal line is bullish; below is bearish.

• Moving Averages: Simple MA (SMA) averages price over time; Exponential MA (EMA) weighs recent prices more. Crossovers (e.g., 50-day EMA crossing 200-day EMA) can signal trend changes.

7. Chart