Candlestick is the basis of the crypto chart 🤔
Candlesticks in trading (also known as Japanese candlesticks) are a method of visualizing price movements in financial markets that are used to analyze the price behaviour of an asset over a certain period of time.
● The body of the candle is a rectangle that shows the difference between the opening and closing prices for the selected period.
● Candlestick shadows (Shadows, Wicks) are vertical lines above and below the candlestick body that show the maximum and minimum prices for the period:
● If the candle is green (or white), it means that the closing price is higher than the opening price (bullish candle).
● If the candle is red (or black), it means that the closing price is lower than the opening price (bearish candle).
Bullish candle: 📈
1. Upper wick: highest traded price in that period.
2. Close: last traded price in that period.
3. Open: first traded price in that period.
4. Lower wick: lowest traded price in that period.
Bearish candle: 📉
1. Upper wick: highest traded price in that period
2. Open: first traded price in that period.
3. Close: last traded price in that period.
4. Lower wick: lowest traded price in that period.
✈️ X Crypto Vibes
Candlesticks in trading (also known as Japanese candlesticks) are a method of visualizing price movements in financial markets that are used to analyze the price behaviour of an asset over a certain period of time.
● The body of the candle is a rectangle that shows the difference between the opening and closing prices for the selected period.
● Candlestick shadows (Shadows, Wicks) are vertical lines above and below the candlestick body that show the maximum and minimum prices for the period:
● If the candle is green (or white), it means that the closing price is higher than the opening price (bullish candle).
● If the candle is red (or black), it means that the closing price is lower than the opening price (bearish candle).
Bullish candle: 📈
1. Upper wick: highest traded price in that period.
2. Close: last traded price in that period.
3. Open: first traded price in that period.
4. Lower wick: lowest traded price in that period.
Bearish candle: 📉
1. Upper wick: highest traded price in that period
2. Open: first traded price in that period.
3. Close: last traded price in that period.
4. Lower wick: lowest traded price in that period.
✈️ X Crypto Vibes