#candlestick

The Bullish Engulfing Candlestick pattern consists of two candlesticks, which occurs at the bottom of a downtrend. The first is bearish (red) experiencing a downtrend while the second is green and shows a price reversal to an uptrend.

In other words, the body or chart of both candles is larger than the previous one. There should be a gap between the closing and opening prices, although this gap is rarely seen in the crypto market. The indications occurring in this pattern show an increase in buying pressure and the beginning of an uptrend as buyers tend to push the price higher.