How to read a simple price chart
Ever wonder what all those lines and colors on a crypto chart mean? 🤔 Let's break down how to read them simply! 📊
A crypto price chart is like a visual story of a coin's price over time. 📚 It shows you how the price has moved, whether it went up or down, during a specific period.
You can choose different timeframes, like an hour, a day, or even a year, to see price action at different speeds! 🕰️
Most charts use 'candlesticks' to show price movement.
A green candle usually means the price went up during that period, closing higher than it opened.
A red candle means the price went down, closing lower than it opened. 📉
By looking at these colors and the length of the candles, you can get a quick idea of market sentiment.
#CryptoBasics #ChartReading #learncrypto #BeginnerFriendly
- Disclaimer: Sharing knowledge and insights as part of learning and growing together. For educational purposes only, not financial advice.