🕯️ How to Read a Candlestick Chart
Every candle tells a story. Here is what it shows:
🟢 Green candle = price went UP
🔴 Red candle = price went DOWN
Each candle has 4 data points:
• Open: the starting price
• Close: the ending price
• High: the highest price reached
• Low: the lowest price reached
The thin lines (wicks) show the price range, and the thick part (body) shows the open and close.
Start by learning this one chart, and you will understand most price action 📊
Which timeframe do you prefer to trade on: 1H, 4H or 1D? 👇
$BTC $BNB
#Binance #Candlestick #TechnicalAnalysis #BinanceSquare
Every candle tells a story. Here is what it shows:
🟢 Green candle = price went UP
🔴 Red candle = price went DOWN
Each candle has 4 data points:
• Open: the starting price
• Close: the ending price
• High: the highest price reached
• Low: the lowest price reached
The thin lines (wicks) show the price range, and the thick part (body) shows the open and close.
Start by learning this one chart, and you will understand most price action 📊
Which timeframe do you prefer to trade on: 1H, 4H or 1D? 👇
$BTC $BNB
#Binance #Candlestick #TechnicalAnalysis #BinanceSquare