Technical observation | $ONDO 5 consecutive bearish candles
For consecutive candlesticks moving in the same direction, it’s worth looking at more than just the number of candles—the changes in their real bodies matter too: increasingly larger bearish bodies indicate that the decline is accelerating; smaller bodies and longer lower shadows suggest selling pressure is easing and buyers are starting to step in at lower levels.
These 5 candles are down a cumulative 20.41%; today’s candle is currently up 1.24% (and is bullish for now).
When you have time, take a look at the bodies and shadows of these candles—them tells you more than simply counting them.
#ONDO
For consecutive candlesticks moving in the same direction, it’s worth looking at more than just the number of candles—the changes in their real bodies matter too: increasingly larger bearish bodies indicate that the decline is accelerating; smaller bodies and longer lower shadows suggest selling pressure is easing and buyers are starting to step in at lower levels.
These 5 candles are down a cumulative 20.41%; today’s candle is currently up 1.24% (and is bullish for now).
When you have time, take a look at the bodies and shadows of these candles—them tells you more than simply counting them.
#ONDO