🟩 How to Read Candles on Cryptocurrency Charts – Quick Guide for Beginners! 🟥
If you want to truly understand the movement of Bitcoin, Ethereum, and other cryptos, you need to learn how to read the candles! 🔥
Each candle on the chart represents four important pieces of information about the price at a given time:
✅ Open
✅ Close
✅ High
✅ Low
📊 Green Candle (Bullish):
The price rose during the period.
Open at the bottom, close at the top.
📉 Red Candle (Bearish):
The price fell during the period.
Open at the top, close at the bottom.
🔍 Keep an eye on the shadows!
Long shadows indicate price rejection.
Large bodies indicate strength in the direction of the movement.
A Doji (candle with a small body) can indicate indecision in the market.
🧠 Golden tip:
Combine candle reading with other indicators (like RSI or moving averages) for a more comprehensive and accurate analysis. 📈
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