🐋 $ARB has had 5 consecutive red daily candles, with a cumulative loss of -26.79% during that period. So far today, it's up +3.89%.
Several days in a row moving in the same direction means buyers or sellers have been consistently in control, but the longer the streak, the more important it is to watch trading volume.
Binance's daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8:00 a.m. Beijing time. So the daily candle for a given day starts at 8:00 a.m. that day.
Consecutive candles of the same color can also appear in a sideways market: several daily candles may have the same color despite only small price moves, resulting in little cumulative change. In that case, the streak of green or red candles is not very meaningful.
Unusually rare readings are often accompanied by more extreme volatility. At times like these, it's better to reduce leverage rather than make a big bet.
Several days in a row moving in the same direction means buyers or sellers have been consistently in control, but the longer the streak, the more important it is to watch trading volume.
Binance's daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8:00 a.m. Beijing time. So the daily candle for a given day starts at 8:00 a.m. that day.
Consecutive candles of the same color can also appear in a sideways market: several daily candles may have the same color despite only small price moves, resulting in little cumulative change. In that case, the streak of green or red candles is not very meaningful.
Unusually rare readings are often accompanied by more extreme volatility. At times like these, it's better to reduce leverage rather than make a big bet.
