CRYPTO S H A R K S
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For all beginner traders
These two candles are confirming candles, meaning they confirm whether the price is moving up or down.
The candle on the left is called a "hammer"; if it appears after a downtrend, it means the price will rise. The two candles on the right, which are green, are called an "engulfing candle". Why??
Because it engulfs the previous candle, which is red, and the characteristics of the red candle are that it has two small wicks: an upper and a lower, and a large body compared to the wicks. All of this is in the case of a decline, and in the case of an increase, the colors of the candles change.
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These two candles are confirming candles, meaning they confirm whether the price is moving up or down.
The candle on the left is called a "hammer"; if it appears after a downtrend, it means the price will rise. The two candles on the right, which are green, are called an "engulfing candle". Why??
Because it engulfs the previous candle, which is red, and the characteristics of the red candle are that it has two small wicks: an upper and a lower, and a large body compared to the wicks. All of this is in the case of a decline, and in the case of an increase, the colors of the candles change.
If you liked the content, click "subscribe", "like", "comment", and "share" with others. Thank you!❤️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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