Candlestick Chart Definition and Basics Explained in Under a Minute #trading #educational #shorts
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Newscrypto.io presents Candlestick Chart Definition and Basics Explained in Under a Minute!
Candlesticks reflect the impact of investor sentiment on security prices and are used by technical analysts to determine when to enter and exit trades. Candlestick charting is based on a technique developed in Japan in the 1700s for tracking the price of rice. Candlesticks are a suitable technique for trading any liquid financial asset such as cryptos, stocks, foreign exchange and futures.
Long white/green candlesticks indicate there is strong buying pressure; this typically indicates price is bullish. However, they should be looked at in the context of the market structure as opposed to individually. For example, a long white candle is likely to have more significance if it forms at a major price support level.
Long black/red candlesticks indicate there is significant selling pressure. This suggests the price is bearish. A common bullish candlestick reversal pattern, referred to as a hammer, forms when price moves substantially lower after the open, then rallies to close near the high. The equivalent bearish candlestick is known as a hanging man. These candlesticks have a similar appearance to a square lollipop, and are often used by traders attempting to pick a top or bottom in a market.
Visit: https://newscrypto.io/
NewsCrypto is the number one crypto educational
platform, offering an unparalleled array of tools, unique
market insight indicators and top-notch educational
content suited to both novice and experienced traders.
Newscrypto offers:
- Free education
- Cryptocurrency market information and overview
- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
- Mobile wallet and app
- ...
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#crypto #trading #tradingpattern #bitcoin #ethereum #cryptocurrency #candlestick #candlesticks #piercingline #piercinglinepattern #bearishpattern #bullishpattern #candlestickpattern #candlestick_analysis #trader #trading #bullish #bearish
Candlesticks reflect the impact of investor sentiment on security prices and are used by technical analysts to determine when to enter and exit trades. Candlestick charting is based on a technique developed in Japan in the 1700s for tracking the price of rice. Candlesticks are a suitable technique for trading any liquid financial asset such as cryptos, stocks, foreign exchange and futures.
Long white/green candlesticks indicate there is strong buying pressure; this typically indicates price is bullish. However, they should be looked at in the context of the market structure as opposed to individually. For example, a long white candle is likely to have more significance if it forms at a major price support level.
Long black/red candlesticks indicate there is significant selling pressure. This suggests the price is bearish. A common bullish candlestick reversal pattern, referred to as a hammer, forms when price moves substantially lower after the open, then rallies to close near the high. The equivalent bearish candlestick is known as a hanging man. These candlesticks have a similar appearance to a square lollipop, and are often used by traders attempting to pick a top or bottom in a market.
Visit: https://newscrypto.io/
NewsCrypto is the number one crypto educational
platform, offering an unparalleled array of tools, unique
market insight indicators and top-notch educational
content suited to both novice and experienced traders.
Newscrypto offers:
- Free education
- Cryptocurrency market information and overview
- Important news from the crypto world in real time
- Comprehensive set of trading tools
- Indicators and market analysis benchmarks
- Proprietary Ai price prediction tools
- Crosschain bridges
- Mobile wallet and app
- ...
FOLLOW:
Telegram: https://t.me/NWC_PublicChat
Twitter: https://twitter.com/NwcPublic
Discord: https://discord.com/invite/b5v5k4ZwCv
NWC at Kucoin:
https://www.kucoin.com/trade/NWC-USDT
#crypto #trading #tradingpattern #bitcoin #ethereum #cryptocurrency #candlestick #candlesticks #piercingline #piercinglinepattern #bearishpattern #bullishpattern #candlestickpattern #candlestick_analysis #trader #trading #bullish #bearish