The longer the upper shadow, the stronger an indicator. A long lower shadow could be a bullish signal, indicating that investors are looking to buy, thus driving prices up. The longer the lower shadow, the more reliable the signal. A Doji candle has no body, because the open and close prices are the same.
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A candlestick shows the change in the price of an asset over a period of time. As the basic indicator in a crypto chart, each candlestick represents a specific price movement, including the opening and closing prices, as well as the highest and lowest price points.
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Candlestick charts are composed of many individual candlesticks (or candles). Each candle represents a single period of time, such as a minute, hour or day. The shape of the candle conveys four different prices: the Open price, High price, Low Price, and Close price. Charts that represent this information, including candlestick charts, are called OHLC charts (Open, High, Low, Close).
Candlestick charts resemble Bar Charts, a common predecessor in western markets. Candlestick charts are usually preferred because it’s easier to see what’s happening in the market, due to their increased width. You can change your charts from Candlestick to Bar Charts in the