#CryptoCharts101

📊 #CryptoCharts101: Reading the Markets Like a Pro 🧠💹

New to crypto? Don't let charts intimidate you — they’re your best friend once you understand them. Here’s a quick breakdown:

1️⃣ Candlesticks 🕯️

Each candle shows price action over a set time.

Green = price went up

Red = price went down

Wicks = highs/lows; Body = open/close.

2️⃣ Support & Resistance

Think of these as “floors” and “ceilings.”

Support: Price tends to bounce upward.

Resistance: Price struggles to break above.

3️⃣ Volume 📈

Volume confirms moves. Big price change + low volume? Be cautious.

4️⃣ Moving Averages (MA)

Smooths out price data.

Short-term MA (e.g. 50-day) = quick trends

Long-term MA (e.g. 200-day) = overall market direction

5️⃣ RSI (Relative Strength Index)

Above 70 = overbought

Below 30 = oversold

💡 Learn the language of the chart — it tells you more than the news ever will.

📉📈 Which indicator do you always check first?