Understand candlestick charts, and invest without confusion!
Dear ones, candlestick charts are an essential skill for investors! They are also known as candle charts and reflect market dynamics like an "electrocardiogram".
Candlestick charts are drawn from the opening price, highest price, lowest price, and closing price:
- Bullish Candle: Closing price > Opening price, buyers are dominant (commonly seen when coin prices rise).
- Bearish Candle: Opening price > Closing price, sellers are dominant (commonly seen when coin prices fall).
- Shadows: Upper shadow, lower shadow, and the length of the body conceal details of the battle between bulls and bears.
Click on my homepage to learn how to read candlestick charts, which can assist in judging market trends and make investing clearer!