Cryptocurrency Q&A
How to predict next candle green or red?
How to predict next candle green or red?
CharmedVoyager
Wed Dec 04 2024
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7 answers
1763
I'm trying to figure out a way to predict whether the next candle on a chart will be green or red. Is there a specific method or strategy that can help me with this prediction?
7 answers
Elena
Fri Dec 06 2024
This specific chart pattern typically emerges during the late stages of an ascending trend.
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Raffaele
Thu Dec 05 2024
It suggests that the upward momentum in the market is waning and may soon reverse.
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CryptoLegend
Thu Dec 05 2024
It begins with the appearance of a short green candlestick, which signifies a minor gain in price.
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Giuseppe
Thu Dec 05 2024
Soon after, this green candlestick is completely overshadowed by a much longer red candlestick.
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Valentino
Thu Dec 05 2024
The extent of the decline indicated by the engulfing red candlestick is crucial. The lower it goes, the stronger the indication of an impending downturn.
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