Cryptocurrency Q&A What is candle closing in trading?

What is candle closing in trading?

BlockchainWizardGuard BlockchainWizardGuard Wed Dec 04 2024 | 6 answers 1615
I am trying to understand trading terms and came across 'candle closing'. I want to know what it means in the context of trading and how it affects traders' decisions. What is candle closing in trading?

6 answers

SsangyongSpiritedStrengthCourageBravery SsangyongSpiritedStrengthCourageBravery Fri Dec 06 2024
A candlestick in financial charts encapsulates crucial trading information.

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SoulWhisper SoulWhisper Fri Dec 06 2024
It begins with the Open, representing the initial transaction within a specified timeframe.

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EthereumEmpire EthereumEmpire Thu Dec 05 2024
The High point indicates the highest price achieved during that timeframe.

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Arianna Arianna Thu Dec 05 2024
Conversely, the Low point marks the lowest traded price during the same period.

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Alessandra Alessandra Thu Dec 05 2024
The Close, signifying the final transaction, is another vital data point.

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