Dallas Mussmann eQv1
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effective tips to read crypto charts for beginners
#CryptoCharts101 # **7 Effective Tips to Read Crypto Charts for Beginners**
## **1. Understand Basic Chart Types**
- **Candlestick chart** (most popular): shows open, high, low, close
- **Line chart**: only displays closing prices
- **Heikin-Ashi**: smoothed version of candlestick
*"Start with 1-hour or 4-hour candlestick before switching to shorter timeframes"*
## **2. Recognize Key Support & Resistance**
- **Support**: price level that is hard to break below
- **Resistance**: price level that is hard to break above
## **1. Understand Basic Chart Types**
- **Candlestick chart** (most popular): shows open, high, low, close
- **Line chart**: only displays closing prices
- **Heikin-Ashi**: smoothed version of candlestick
*"Start with 1-hour or 4-hour candlestick before switching to shorter timeframes"*
## **2. Recognize Key Support & Resistance**
- **Support**: price level that is hard to break below
- **Resistance**: price level that is hard to break above
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