What Is Candlestick?

Candlestick is a technical analysis tool used in the crypto world to visualize digital asset price movements.

A crypto candlestick consists of two main elements: the body (body) and the axis (wick). The candlestick body shows the range between the opening (open) and closing prices a> within a certain time period. (close)

If the closing price is higher than the opening price, then the body of the candlestick is usually green or white, indicating an increase in price. Conversely, if the closing price is lower than the opening price, then the body of the candlestick is usually red or black, indicating a decrease in price. The candlestick axis, also known as the "tail," shows the maximum and minimum price fluctuations during the period.

Understanding how to read crypto candlesticks can provide insight into ongoing price trends and help traders make more informed trading decisions. 

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