Indicator Notes｜$LINK ｜5 consecutive bearish daily candles｜Cumulative -16.69%
Definition: Consecutive candlesticks of the same color indicate that one side has maintained the upper hand during this period. The candlestick chart suggests a relatively clear directional move.
Common interpretation: Many people look at key levels. When a price approaches a previous high or low, or a round-number level, whether it can break through is often the next thing to watch.
Several indicators confirming one another is more reliable than looking at just one, but even multiple indicators cannot provide a definitive conclusion.
Definition: Consecutive candlesticks of the same color indicate that one side has maintained the upper hand during this period. The candlestick chart suggests a relatively clear directional move.
Common interpretation: Many people look at key levels. When a price approaches a previous high or low, or a round-number level, whether it can break through is often the next thing to watch.
Several indicators confirming one another is more reliable than looking at just one, but even multiple indicators cannot provide a definitive conclusion.
