Charts Key Terms

Question 1

The Wick

Answer 1

The little tail end on candle sticks

Question 2

The Body

Answer 2

The thick part of candle sticks

Question 3

What are the 2 Types of line charts

Answer 3

Logarithmic scale or Linear

Question 4

Linear line

Answer 4

Represents price changes in absolute value

Question 5

Logarithmic scale

Answer 5

Represents percentage change (Better reflects the trend)

Question 6

Volume indicator

Answer 6

How much crypto has been traded in that period

Question 7

Support

Answer 7

Used to point out the bottom of a downtrend in which the plunge is expected to bounce back and push back up.

Question 8

Resistance

Answer 8

Level on the top where an up trend may defer. Highest price in bull market.

Question 9

Hammer

Answer 9

(Green) The Body on top with the Wick (tail) on the bottom. Resembling an uptrend after a downtrend.

Question 10

Reverse Hammer

Answer 10

(Green) The body lies on bottom with the Wick (tail) on top. Resembling a downtrend after an up trend.

Question 11

Hanging Man

Answer 11

(Red) The body on top of the Wick (Tail). Indicating a recession after a Bull run (uptrend).

Question 12

Shooting star

Answer 12

(Red) The body on the bottom and the wick (tail) on top .Indicating a mainstream downstream movement.

Question 13

What Does green indicate

Answer 13

Positive upward trend

Question 14

What does Red indicate

Answer 14

Negative backwards trend