Bryan
Bryan

Candlestick (chart)

Definition

A candlestick chart depicts each specific period’s opening, closing, rising, and falling price points. A candlestick chart can form a pattern interpreted as a buy or sell indicator if the ‘candlesticks’ appear in a particular form.

Often if the candlestick pattern is being used as an indicator, it will be considered in conjunction with other indicators.

Examples of Usage

  • “Ripple produces a rare bullish candlestick pattern, which could lead to a $1 price”. 
  • “Prices gapped lower Friday, as shown in this daily candlestick chart of BTC. Since early September, the slope of the 200-day moving average line has been negative and continues to point lower.” 

Resources

You can find more information about candlesticks in this article.

https://docs.google.com/document/d/116qlY1xOAjRd9fGlp6-V0rno5UFOpYrdFVXg0E8oLFI/edit#heading=h.vwwrngougt23

Bryan
Bryan

Bryan indulges in every bit of crypto-related news and material he can lay his hands on. As such, he often shares his views and advice through the onXRP content platform. He is a firm believer in crypto’s potential in the financial and economic world. With 5 years of experience in investing and trading Bryan brings excellent insights to the table. He is excited to bring much of this knowledge and many of his skills to the onXRP platform.