$QTUM 📊Good chart 👌The last candlestick pattern in the image is a green candlestick with a small upper wick and a long body, indicating a strong upward movement. The pattern is known as a "Bullish Candlestick" or more specifically, it resembles a "Marubozu" or a "Closing Marubozu" if the next candlestick confirms it by closing above this one.
1. The presence of a long green body indicates that buyers were in control throughout the period, pushing the price up significantly.
2. The small upper wick suggests that there was some selling pressure at the high, but it was not enough to reverse the overall upward trend.
3. The fact that the closing price is near the high of the candlestick (2.744) is close to the high (2.747) indicates strong buying interest.
The last candlestick pattern does not directly signal a potential reversal. Instead, it indicates a continuation of the upward trend. However, the presence of a small upper wick could be interpreted as a minor sign of resistance or profit-taking at the current levels. If the next candlestick were to close below the low of this candlestick or form a bearish reversal pattern (like a shooting star or a bearish engulfing pattern), it could potentially signal a reversal.