What Are Candlesticks?

Candlesticks are a type of charting technique used to describe the price movements of an asset. First developed in 18th-century Japan, they’ve been used to find patterns that may indicate where asset prices have headed for centuries. Today, cryptocurrency traders use candlesticks to analyze historical price data and predict future price movements.

Individual candlesticks form candlestick patterns that can indicate whether prices are likely to rise, fall, or remain unchanged. This provides insight into market sentiment and potential trading opportunities.