#CryptoCharts101
Introduction to Chart Analysis for Digital Currencies
## What are Charts for Digital Currencies?
Charts are a visual representation of the price movements of digital currencies over time. They are used to analyze trends and make trading decisions.
## Main Types of Charts:
1. **Line Chart**
- The simplest form, connecting closing prices with a line
- Good for seeing the overall picture of the trend
2. **Candlestick Chart**
- The most common in technical analysis
- Each "candle" represents a time period (minute, hour, day...)
- Shows opening, closing, high, and low prices
3. **Bar Chart**
- Similar to candlesticks but in a different format
- Each bar represents price movement over a specified period