When you open the Binance platform to take a look at cryptocurrency prices, the first thing that catches your attention is those colorful rectangles in green and red, called "Japanese Candlesticks." So what is their story scientifically?
The Japanese candlestick is not just a chart drawing; it is a true "battle summary" that took place between buyers (bulls) and sellers (bears) within a specific time period (an hour, a day, etc.).
Here’s how to understand a candlestick in seconds:
🟢 Green candlestick (bullish): means that buyers won during this period, and the closing price was higher than the opening price (the market is rising).
🔴 Red candlestick (bearish): means that sellers imposed their control, and the closing price was lower than the opening price (the market is falling).
What are those thin lines above and below the candlestick?
Scientifically, they are called "shadows" (Shadows/Wicks). They show you the highest price and the lowest price the coin reached during this period before it settled and closed.
💡 Scientific tip: Understanding the shapes of Japanese candlesticks is the first and most essential step to learn technical analysis and read market trends intelligently—away from random guessing!
💬 Question for followers: What is your preferred timeframe (frame) when reading candlesticks? (1 hour, 4 hours, or daily)? Share with us in the comments! 👇#BinanceAcademy #TechnicalAnalysis #CryptoEducation💡🚀 #trading #CryptoArabic
The Japanese candlestick is not just a chart drawing; it is a true "battle summary" that took place between buyers (bulls) and sellers (bears) within a specific time period (an hour, a day, etc.).
Here’s how to understand a candlestick in seconds:
🟢 Green candlestick (bullish): means that buyers won during this period, and the closing price was higher than the opening price (the market is rising).
🔴 Red candlestick (bearish): means that sellers imposed their control, and the closing price was lower than the opening price (the market is falling).
What are those thin lines above and below the candlestick?
Scientifically, they are called "shadows" (Shadows/Wicks). They show you the highest price and the lowest price the coin reached during this period before it settled and closed.
💡 Scientific tip: Understanding the shapes of Japanese candlesticks is the first and most essential step to learn technical analysis and read market trends intelligently—away from random guessing!
💬 Question for followers: What is your preferred timeframe (frame) when reading candlesticks? (1 hour, 4 hours, or daily)? Share with us in the comments! 👇#BinanceAcademy #TechnicalAnalysis #CryptoEducation💡🚀 #trading #CryptoArabic