How to Read Candlesticks on a Crypto Chart?

How to Read Candlesticks on a Crypto Chart

Candlestick charts combine multiple candles used to analyze price movements in trading crypto. In the Crypto candlestick chart, two specific colors are red and green:

  1. The red candle depicts the closing price, which was lower than the opening price. In another way, we can say that a price decrease was observed while the trading period.
  2. The green candle shows that the closing price was higher than the opening price, and there was an increase in the price of assets during trading.
  3. In a bullish candle, the opening price is below the closing price.
  4. In a bearish candle, the opening price should be above the closing price.

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