📊 How to Read Candlesticks on Cryptocurrency Charts (For Beginners)
If you are new to the world of crypto, understanding candlesticks (or "candles") is the first step to analyzing the market! 👇
🔹 What is a Candlestick?
Each candle represents the price behavior over a specific period (e.g.: 1h, 1d).
🔹 Parts of a Candlestick:
Body: shows the difference between the opening and closing price.
Wick (shadow): shows the highest and lowest prices during the period.
Green Color (or white): the price went up.
Red Color (or black): the price went down.
🔹 Example:
If the candle is green and the body is full, it means the price closed above what it opened during that period. If it is red, it closed below.
🔹 Tip for Beginners:
Watch for sequences of green or red candles — this can indicate an uptrend or downtrend! 📈📉
Want to learn more? Save this post and share it with those who are starting out! 🚀
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Suggested image for the post:
Illustrative image of a candlestick chart with a caption explaining:
Candle body
Upper and lower wick
Opening and closing
Bullish candles (green) and bearish candles (red)
