A crypto candlestick chart is a technical analysis tool that aids traders in visualizing an asset’s price action over time. These charts are essential for tracking market movements.
Candlestick charts provide detailed information, including the asset’s opening & closing prices, highest & lowest prices, and overall price movement — useful for both long-term and short-term analysis.
The structure of a candlestick includes a real body and a wick or shadow, which indicates whether the trend is bullish or bearish.
A bullish candlestick opens at a low price and closes at a high price, typically shown as empty or green. Conversely, a bearish candlestick opens high, closes low, and is represented in red or black.
Although understanding candlestick charts requires some effort, it is invaluable for crypto traders aiming to make informed decisions about buying, selling, or holding assets.
