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candlesticks and their meaning pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What are candlesticks & how do they work?

Candlesticks are a type of chart pattern used in the stock market. They are a visual representation of price movements and open and closed prices.

What is a candlestick in trading?

A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. It originated from Japanese rice merchants and traders to track market prices and daily momentum hundreds of years before becoming popularized in the United States.

What does the body of a candlestick mean?

Again, the body of the candlestick is red or black if the stock closed at a lower price than the opening price, and it is green or white if it closed at a higher price. Understanding the candlestick meanings helps with proper technical evaluation, which is of utmost importance before investing in it or selling it.

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