CEX Daily Combo 21 December 2024

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Task: "Master Crypto Charts: Tips for Beginners"

1. What are trendlines described as in the video?
✅ Indicators of trading volume

2. What happens when a bid matches an ask in an order book?
✅ A trade occurs

3. What is an order book compared to in the video?
✅ A buffet table of market data

4. What is the key takeaway from the video?
✅ Reading charts helps traders spot patterns and make informed decisions

5. What does the video say about bar charts?
✅ They resemble Tetris blocks with opening, closing, high, and low data

6. What do candlestick charts represent?
✅ Opening, closing, high, and low prices for a specific time period

7. What does a resistance level represent?
✅ A ceiling that keeps prices from going higher

8. In a market depth chart, what is a “buy wall”?
✅ A high concentration of buy orders at a specific price

9. What is the “wick” on a candlestick chart?
✅ The line showing the high and low prices

10. What is a support level?
✅ A floor preventing prices from dropping further

11. What do line charts resemble according to the video?
✅ Connect-the-dots puzzles

12. What does a bar chart show?
✔️Opening, closing, high, and low prices represented as bars

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