#CryptoCharts101

How do candlestick charts work?

To create each candlestick, the following price points are needed:

✅Open - The first recorded trading price of the asset over a certain period of time.

✅High - The highest recorded trading price of the asset over a certain period of time.

✅Low - The lowest recorded trading price of the asset over a certain period of time.

✅Close - The last recorded trading price of the asset over a certain period of time.

The combination of these designations is most commonly referred to as OHLC. The relationship between the open, high, low, and close determines the type of candlestick.

The distance between the open and close is called the body, and the distance between the body and the high/low is called the shadow. The distance between the high and low of the candlestick is referred to as the candlestick range.