Charts are used to give you more information about a current or potential investment or trading opportunity. In the cryptocurrency space, the most widely used types of charts are candlestick charts and line charts.
Different charts can tell you different things. For example, line charts can easily demonstrate the average price movement of an asset, whereas candlestick charts can deliver more information on price volatility over a given period.
Investors and traders use different charts for different forms of analysis. The way the data is plotted can help you see patterns and trends as well as assess the overall market.
Whilst this lesson details the different types of charts used by investors and traders, always remember that the best tools for you are predicated on your investment or trading goals, method and approach.