How to Understand Crypto Charts: A Practical Guide for Beginners

Do you want to understand what is happening on cryptocurrency charts? Here is what you definitely need to know:

Basic elements: Each “candle” on the chart shows 4 key prices: open, close, high, and low for the period. Green candle = price increased, red = decreased. Simple, like money.

Start with the simple:

• 1H, 1D, 1W charts — a great place to start
• The longer the time frame, the clearer the overall picture becomes.

What to look for: 📈 Upward trend: highs and lows are increasing 📉 Downward trend: highs and lows are falling ⏸ Side: the price is fluctuating in one corridor

Three tools you should know:

1. MA (Moving Average) — shows the direction of the trend without noise
2. RSI — signals overbought (>70) or oversold (<30)
3. Volume — large volume = serious movement, small = weakness

Golden rule: Don't overwhelm yourself with complex indicators from day one. Learn the basics, recognize simple patterns, and then add complexity. Step by step — and in just a month, you'll be reading charts like a professional.