A cryptocurrency candle, or candlestick, is a charting tool used to represent the price movements of a cryptocurrency over a specific time period (e.g., 1 minute, 1 hour, 1 day). Each "candle" shows four key pieces of information:
1. **Open**: The price at the beginning of the time period.
2. **Close**: The price at the end of the time period.
3. **High**: The highest price during the time period.
4. **Low**: The lowest price during the time period.
A candlestick typically has a body (the space between the open and close prices) and wicks or shadows (the lines above and below the body showing the high and low prices). If the closing price is higher than the opening price, the candle is often green or white, indicating a price increase; if the closing price is lower than the opening price, the candle is red or black, indicating a price decrease. Traders use these patterns to analyze market trends and make trading decisions.
