Candlestick charts are a fundamental tool in trading, particularly in cryptocurrency markets, providing a visual representation of price movements within a specific period. Each candlestick consists of a body and wicks. The body’s color indicates whether the price has increased (green) or decreased (red) during the trading session. The top of a green body shows the closing price, while the bottom indicates the opening price. Conversely, for a red body, the top represents the opening price, and the bottom shows the closing price.

The wicks or shadows extend from the body, marking the highest and lowest prices during the session. The top of the upper wick shows the highest price reached, while the bottom of the lower wick indicates the lowest price.

This clear visual representation helps traders quickly assess market sentiment and price fluctuations, making candlestick charts an invaluable tool for making informed trading decisions.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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