#CryptoCharts101 #CryptoCharts101

Understanding crypto charts is key to making informed trading decisions. Most traders use candlestick charts, which show price movements over specific timeframes. Each "candle" displays the opening, closing, high, and low prices — green for upward movement, red for downward.

One essential concept is support and resistance: support is a price level where buying interest may prevent further decline, while resistance is where selling pressure could stop a price rise.

Volume is another critical factor. It shows how much of a coin is being traded — higher volume can confirm the strength of a price move.

Indicators like RSI (Relative Strength Index) help spot overbought or oversold conditions, and moving averages (like the 50-day MA) reveal trends.

Charts don’t guarantee outcomes, but they help traders spot patterns and make educated guesses. Practice, patience, and analysis are key to mastering crypto charts and improving trading accuracy.