Newscrypto.io presents Candlestick Chart Definition and Basics Explained in Under a Minute! <br /><br />Candlesticks reflect the impact of investor sentiment on security prices and are used by technical analysts to determine when to enter and exit trades. Candlestick charting is based on a technique developed in Japan in the 1700s for tracking the price of rice. Candlesticks are a suitable technique for trading any liquid financial asset such as cryptos, stocks, foreign exchange and futures.<br /><br />Long white/green candlesticks indicate there is strong buying pressure; this typically indicates price is bullish. However, they should be looked at in the context of the market structure as opposed to individually. For example, a long white candle is likely to have more significance if it forms at a major price support level. <br /><br />Long black/red candlesticks indicate there is significant selling pressure. This suggests the price is bearish. A common bullish candlestick reversal pattern, referred to as a hammer, forms when price moves substantially lower after the open, then rallies to close near the high. The equivalent bearish candlestick is known as a hanging man. These candlesticks have a similar appearance to a square lollipop, and are often used by traders attempting to pick a top or bottom in a market.<br /><br />Visit: https://newscrypto.io/<br /><br />NewsCrypto is the number one crypto educational<br />platform, offering an unparalleled array of tools, unique<br />market insight indicators and top-notch educational<br />content suited to both novice and experienced traders. <br /><br />Newscrypto offers:<br />- Free education<br />- Cryptocurrency market information and overview<br />- Important news from the crypto world in real time<br />- Comprehensive set of trading tools<br />- Indicators and market analysis benchmarks<br />- Proprietary Ai price prediction tools<br />- Crosschain bridges<br />- Mobile wallet and app<br />- ...<br /><br />FOLLOW:<br />Telegram: https://t.me/NWC_PublicChat<br />Twitter: https://twitter.com/NwcPublic<br />Discord: https://discord.com/invite/b5v5k4ZwCv<br /><br />NWC at Kucoin:<br />https://www.kucoin.com/trade/NWC-USDT<br /><br />#crypto #trading #tradingpattern #bitcoin #ethereum #cryptocurrency #candlestick #candlesticks #piercingline #piercinglinepattern #bearishpattern #bullishpattern #candlestickpattern #candlestick_analysis #trader #trading #bullish #bearish
