$QNT has had 5 consecutive daily bearish candles, down a cumulative 16.48% over that period, and is down 1.34% so far today.
Let’s use that figure to talk about consecutive bearish daily candles.
Binance’s daily candlesticks open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8 a.m. Beijing time. So today’s daily candle starts at 8 a.m. this morning.
Some people are used to looking at daily and weekly charts together: when the trends on the higher time frames align, consecutive bullish or bearish daily candles are more likely to persist for a while; when the trends don’t align, it’s best to be more cautious.
It’s easy to learn how to read indicators. The hard part is sticking to your plan when the market gets extremely volatile.
#QNT
Let’s use that figure to talk about consecutive bearish daily candles.
Binance’s daily candlesticks open at 00:00 UTC and close at 00:00 the following day, which corresponds to 8 a.m. Beijing time. So today’s daily candle starts at 8 a.m. this morning.
Some people are used to looking at daily and weekly charts together: when the trends on the higher time frames align, consecutive bullish or bearish daily candles are more likely to persist for a while; when the trends don’t align, it’s best to be more cautious.
It’s easy to learn how to read indicators. The hard part is sticking to your plan when the market gets extremely volatile.
#QNT