$ETH Shooting Star Candlestick – A Clear Indication of Market Decline

The Shooting Star is a bearish (downward) candlestick pattern that typically forms after the market has been moving upwards for a considerable time, and suddenly a specific type of candle is created with a long upper wick and a small body.

This candle indicates that buyers attempted to push the price higher, but sellers pushed the price back down forcefully.

This spot often proves to be the market's turning point.