Crypto chart reading is a learned skill. This guide covers the basics candles, support/resistance, volume, key indicators applied to NGN-denominated charts.
Caveat: technical analysis isn't prediction. It's a framework for risk-managed decisions.
What's in this guide
1. Candles
OHLC: open, high, low, close. Green = up; red = down. Wicks show the high/low extremes.
2. Support and resistance
Levels where price has reversed multiple times. Useful for setting stops and targets.
3. Volume
Confirms moves. Big move on big volume = real. Big move on small volume = often a fade.
4. Indicators
RSI for overbought/oversold. MACD for trend changes. Don't over-indicator most traders use 1–2.
FAQ
Chart timeframe?
Daily for swing, hourly for active.
Best indicator?
RSI for beginners.
Where to chart?
TradingView is the standard.