$QNT ｜5 consecutive bearish daily candles｜Cumulative: -17.35%
Before looking at fund flows, first understand consecutive bullish and bearish candles.
A bullish candle compares that day’s opening and closing prices. Binance trades continuously 24 hours a day, so the daily candle’s opening price is almost the same as the previous day’s closing price. That means a bullish candle generally indicates a rise from the previous day’s close.
Some people like to compare daily and weekly charts: when the larger-timeframe trend is aligned, consecutive daily candles of the same color are more likely to continue for a while; when the directions don’t match, it’s best to be more cautious.
Any indicator describes a trend that has already happened, and prices can always move in the opposite direction.
#QNT
Before looking at fund flows, first understand consecutive bullish and bearish candles.
A bullish candle compares that day’s opening and closing prices. Binance trades continuously 24 hours a day, so the daily candle’s opening price is almost the same as the previous day’s closing price. That means a bullish candle generally indicates a rise from the previous day’s close.
Some people like to compare daily and weekly charts: when the larger-timeframe trend is aligned, consecutive daily candles of the same color are more likely to continue for a while; when the directions don’t match, it’s best to be more cautious.
Any indicator describes a trend that has already happened, and prices can always move in the opposite direction.
#QNT