When a candle turns green, it means that the closing price was greater than the starting price, indicating that the asset’s price rose. This means the price of the asset fell during this time period. When a candle is red, it means that the closing price was lower than the starting price of a said timeframe. Analysts typically favor Japanese candlesticks due to the additional data they can offer.Ĭandles are most commonly two colors, Red and Green. The Japanese candlestick chart (seen on the right in the second image below) is the second most frequent form after the line chart. The Cryptocurrency chart example below illustrates all of the components mentioned above.īased on the chart, technical indicators such as volume or moving averages will be visible and move together with each trading session’s open and close. At the bottom and on the side, dates and price increments are accessible. Typically, charts also indicate each timeframe’s market price’s open, high, low, and close. Because crypto charts might appear too intricate to the untrained eye, it’s best to understand the basics concepts.Ĭryptocurrency charts indicate the trading pair, period, and trading platform. It is a snapshot of the historical and present price movement occurring over a specified duration, ranging from seconds to minutes, days to weeks, and even months, years, and more.
They can assist you in forecasting future trends and changes in market circumstances, allowing you to make smarter investing decisions along the road. What is a chart?įor those who are new to trading, crypto charts are a set of lines and candlestick patterns that depict a cryptocurrency’s historical price performance.
#Crypto bar chart how to
Even fewer fully grasp crypto charts and how to act or, more precisely, capitalize on their cues. The huge price fluctuations caused by the asset’s famed volatility might be breathtaking, but relatively few people understand how to interpret cryptocurrency charts. The views and opinions expressed within this post belong solely to the author.Įveryone who has made any kind of cryptocurrency investment has seen how quickly and frequently a cryptocurrency chart moves in real-time. Note: This blog is written by an external blogger.
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