Crypto Glossary

Posted on September 13, 2021 in
Glossary

Line Chart

A line chart is a graphical representation of the price history of a certain digital asset. In this chart style, just the closing prices of securities are used and they are shown over time. Price charts may be used for any time period, but line charts, which are most often used to depict day-to-day price changes, are the most common kind of chart.

What is a line chart?

A line chart is a graphical representation of the price history of a certain digital asset. In this chart style, just the closing prices of securities are used and they are shown over time. Price charts may be used for any time period, but line charts, which are most often used to depict day-to-day price changes, are the most common kind of chart.

Because they do not take into account time intervals and instead focus solely on price fluctuations, line charts are similar to Kagi and Renko charts in that they imitate the Japanese chart style. 

Graphs with line breaks are created by a sequence of up bars and a series of down bars (referred to as lines). Obviously, upward lines reflect growing prices, whereas downward lines show dropping prices, etc. 

A line chart is used to determine whether the current closing price is the same as the prior closing price. Three lines are the most often used number of line settings. When applied to a particular stock, this is referring to comparing the present stock price to the stock price 2 periods ago. The price must be above the buy price to be considered an up-trend and below the sell, price to be considered a down-trend. When the price movement remains close to the closing price, a reversal signal will not be issued.

Workings of a line chart

When creating a line chart, one uses “markers” to place points on the chart, which are connected by straight lines. The information in these tables is interconnected by simple lines that make viewing easier. Many areas employ line charts, but they are especially beneficial when it is important to show how values change over time. 

Visual representations of values over time, such as changes in the prices of securities, corporate revenue sheets, and stock market indices, are commonly employed in finance with line charts. These features can also be used to compare securities from different issuers. In technical analysis, line charts are widely employed by investors to visualize trends. 

Line charts have several inherent restrictions. An example is when there are too many data points on a line chart, which obscures the overall meaning. The visuals are very simple to use to create various effects. 

Types of lines in a line chart

Only four kinds of lines exist:

  • Up lines — Uptrend— Activate when there is an uptrend. 
  • Down lines — When price moves down, new support and resistance levels are formed.
  • Projected up lines — A hypothetical intraday uptrend that would be created based on the current price (before the actual closing price is set). 
  • Projected down lines – throughout the course of a single trading day, a probable downside target may appear if the current price were to go up (before the actual closing price is set).

Related Articles

What Is Crypto Fear And Greed Index? Should You Look At It Before Buying Crypto?

July 01, 2022

What Is Crypto Fear And Greed Index? Should You Look At It Before Buying Crypto?

Fear and Greed Index is used to measure investors’ sentiments in the crypto world. Learn more about it before your next purchase.

Chiliz (CHZ) 2022 – 2030 Price Prediction: Is It Time To Buy CHZ?

June 30, 2022

Chiliz (CHZ) 2022 – 2030 Price Prediction: Is It Time To Buy CHZ?

If you’re interested in buying CHZ, let us help you with this Chiliz 2022-2030 price prediction. Click to read now!

What Is Cryptocurrency?: How It Works, Important Terms & Popular Crypto

June 30, 2022

What Is Cryptocurrency?: How It Works, Important Terms & Popular Crypto

What is cryptocurrency? If you ask a crypto-bro this, they’ll probably give you a long spiel. Here’s the abridged simple explanation!

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.