The Importance of Candlestick Chart in Crypto World
Every day, new cryptocurrencies are entering the market, existing digital coins are being introduced in different exchanges, and more Initial Coin Offering (ICO) projects are coming up with exciting facts and figures.
Whether you are a day trader or want to start investing in cryptocurrencies, learning to read candlestick chart is very important for your investment decisions.
What Exactly is a Candlestick Crypto Chart?
It is very similar to a standard line chart where you can see the closing price, opening price, and the highest and lowest prices of a particular coin during a specific time frame. The action of the asset during a specific period is illustrated by using a candlestick chart.
How Can It Help You in Trading?
Learning to read candlestick charts can help you in three m...