What is #看懂K线 candlestick?

Imagine small candles (hence also called candlestick charts), which record the opening price, closing price, highest price, and lowest price of a cryptocurrency over a certain time period (e.g., 1 minute, 1 hour, 1 day).

Body (the thick part):

Green (or white): Closing price > Opening price = Uptrend! The larger the body, the stronger the rise.

Red (or black): Closing price < Opening price = Downtrend! The larger the body, the stronger the drop.

Wicks (the thin lines above and below):

Upper wick: The line from the highest price to the body. The longer it is, the more it indicates that after rising, it was pushed down, indicating strong upward pressure!

Lower wick: The line from the lowest price to the body. The longer it is, the more it indicates that after falling, it was bought back up, indicating strong downward support!