bioliltojot1977
@bioliltojot1977
A candlestick chart is a type of financial chart used to represent the price movements of an asset, such as a cryptocurrency, over a specific period. Developed by Japanese rice traders in the 18th century, hundreds of years before crypto and digitalization. Since then, candlestick charts have gained widespread popularity among traders and investors across various financial markets. They provide a visual representation of the opening, closing, and high and low prices of an asset during a specified timeframe, making it easier to analyze price patterns and market sentiment. Appearance: The Morning star is a pattern made up of three different candles in a downtrend. The first is a long bearish candle. The second, the star, presents very long wicks, a short body and closes below the previous closing price. The third candle is a long bullish candle that closes above the midpoint of the first.Indications: The star signals that the current trend is losing steam, often confirmed with the third candle launching an uptrend.
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