🐋 $QNT has had 9 consecutive bearish daily candles, with a cumulative decline of 22.57% over that period.
Several days in a row moving in the same direction means one side has been consistently in control, but the longer the streak continues, the more important it is to consider trading volume.
Binance daily candles open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8:00 a.m. Beijing time. So today's daily candle starts at 8:00 a.m. today.
A candle moving in the opposite direction after a streak of bullish or bearish candles doesn't necessarily mean the trend has reversed; in many cases, it's just a one-day correction.
All data summarizes past market movements, and prices can move in the opposite direction at any time.
Several days in a row moving in the same direction means one side has been consistently in control, but the longer the streak continues, the more important it is to consider trading volume.
Binance daily candles open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8:00 a.m. Beijing time. So today's daily candle starts at 8:00 a.m. today.
A candle moving in the opposite direction after a streak of bullish or bearish candles doesn't necessarily mean the trend has reversed; in many cases, it's just a one-day correction.
All data summarizes past market movements, and prices can move in the opposite direction at any time.