#CryptoCharts101 How do candlestick charts work?
To create each candle, 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 often referred to as OHLC. The relationship between open, high, low, and close determines the type of candle.