Crypto Glossary

Posted on September 13, 2021 in
Glossary

Candlestick

A candlestick gives a summary of how an asset’s price behaved during the period. It may be used with any technical indicators such as candlestick patterns.

What is candlestick?

A candlestick is a graph representing the price action of a trading asset. It displays the open, high, low, and closing prices within a specific period. It is used in technical analysis.

The history of candlestick

Candlestick originated from a Japanese rice merchant named “Honma Munehisa”. He tracked hundreds of years of market prices and daily momentum. Thereafter, it became popularized in the United States.

Candlesticks include:

  1. Highest price of the day
  2. Lowest price of the day
  3. Opening price
  4. Closing price
  5. Body

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