Candlestick Chart

A candlestick chart is a popular tool used in technical analysis to visualize the price movements of financial assets, such as cryptocurrencies, stocks, or commodities.

Each candlestick on the chart represents a specific period, typically ranging from minutes to days, and displays the open, high, low, and close prices for that period. The body of the candlestick illustrates the price range between the open and close prices, while the wicks or shadows indicate the high and low prices reached during the time frame. Candlestick charts provide valuable insights into market sentiment, price trends, and potential reversals by visually representing price action clearly and concisely. Traders use candlestick patterns and formations to identify entry and exit points, predict future price movements, and make informed trading decisions based on historical price data.