#CryptoCharts101 #CryptoCharts101
Crypto charts are visual tools that show price movements of cryptocurrencies over time. They help traders spot trends, patterns, and potential entry or exit points. The most common type is the candlestick chart, which displays price highs, lows, opens, and closes within a set period. Key concepts include support (price floor), resistance (price ceiling), and volume (trade activity). Indicators like RSI, MACD, and moving averages provide extra insight. Learning to read charts improves decision-making and reduces emotional trading. While charts can’t predict the future, they offer valuable clues. Mastering them is essential for anyone serious about crypto trading. Study them daily.