Investors usually use technical analysis as a measuring tool of price movements in order to predict future market trends. Through the price chart, investors can analyze consumer psychology and trends to make investment decisions.
The
candles in the chart are used to describe price movements (Increase or decrease), the highest price, the lowest in a certain period. Therefore, if you want to improve your coin trading techniques, learning about candles is a “must”. Here are some types of candles chart that you should check out:
- Standard candle
- Marubozu candle
- Spinning top candle
- Three-white-soldiers (Pattern of 3 upward candlesticks)/ Three-black-crows (Pattern of 3 downward candlesticks)
- Bearish Engulfing & Bullish Engulfing candle
- Hammer & Hanging-man candle
- Inverted hammer & shooting star candle.
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