Anatomy of Candlestick
A candlestick is a type of chart used to display the price movement of a financial instrument over a specific time period. Each candlestick is composed of several parts:
The Real Body: This is the rectangular area between the open and close prices. If the close price is higher than the open price, the real body is typically colored white or green, indicating a price increase. If the close price is lower than the open price, the real body is typically colored black or red, indicating a price decrease.
The Upper Shadow: This is the line that extends above the real body, representing the highest price reached during the time period.
The Lower Shadow: This is the line that extends below the real body, representing the lowest price reached during the time period.
The Wick: This is the line that connects the upper and lower shadows. It is also known as the "tail"or"shadow."
Candlestick can be used to identify pattern and trend in the price movement of a instrument and can be used in TA
A candlestick is a type of chart used to display the price movement of a financial instrument over a specific time period. Each candlestick is composed of several parts:
The Real Body: This is the rectangular area between the open and close prices. If the close price is higher than the open price, the real body is typically colored white or green, indicating a price increase. If the close price is lower than the open price, the real body is typically colored black or red, indicating a price decrease.
The Upper Shadow: This is the line that extends above the real body, representing the highest price reached during the time period.
The Lower Shadow: This is the line that extends below the real body, representing the lowest price reached during the time period.
The Wick: This is the line that connects the upper and lower shadows. It is also known as the "tail"or"shadow."
Candlestick can be used to identify pattern and trend in the price movement of a instrument and can be used in TA
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We are buying #MDT here
MDT is ready for a moonshot 🚀
Now is the right time to build your position in MDT for massive profits in short term🚀🚀
MDT is ready for a moonshot 🚀
Now is the right time to build your position in MDT for massive profits in short term🚀🚀
#MDT/BTC BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 128-175-245-300 satoshi
Stop if 1D close below 105 satoshi
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 128-175-245-300 satoshi
Stop if 1D close below 105 satoshi
#MDT/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.02964-0.03795-0.04875-0.06545
Stop if 1D close below $0.02303
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.02964-0.03795-0.04875-0.06545
Stop if 1D close below $0.02303
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#Bitcoin continue to move inside the consolidation range as expected. Price did made a good stop-hunt on 4H, but bais if for upside. Alternatively, if range broke below $22,300 then, we've clean range till $21,300 and lower.
#BTC didn't moved alot from yesterday and price did try to break out of the range. If price breaks this consolidation, we still have a rejection area, just above at $23,600. Weekend is on, so, if price rejects from here, then this range will continue till monday market open.
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Here's the analysis of #DYDX : #DYDX broke out of the strong resistance level and hovering in between. Price is expected to retrace back to the strong level of $1.845 - $1.966. Till then, wait for the price to develop some sort of setup and entry only, if…
#DYDX continue to push up and nearly tapped out the strong resistance level. Looks like price rejected sharply and might continue to push lower. You can look for hourly resistance around $2.36 for shorts.
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#ENS broke the triangle in a downward direction. Price makes a quick swing to the support and grabs the liquidity. Price is now testing the resistance line and a break above the $15.50-$15.60 zone will send us toward $16.10-$16.30 zone.
#ENS broke out off the build-up resistance and moved straight towards the major resistance. Price move around 9% in our favor and broken the major resistance too. If daily candle sustains above the level, then you can look fot scale-in till next major resistance around $18.30 - $18.40.
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#BITCOIN Weekly Outlook 👀
Overall, market made a heavy rally since 3 weeks. Price nearly reached out its structural high and refined resistance from daily will be an obstacle. This could be the potential reversal point around $24,150 - $24,600. A break above this level will open the room till $30,000+ 🚀. Keep an eye on the mentioned levels.
Overall, market made a heavy rally since 3 weeks. Price nearly reached out its structural high and refined resistance from daily will be an obstacle. This could be the potential reversal point around $24,150 - $24,600. A break above this level will open the room till $30,000+ 🚀. Keep an eye on the mentioned levels.
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Here's the analysis of #APT : #APT printed a fresh #ATH (All-time High) a day before yesterday. Currently, price forming a Falling Wedge Pattern and breakout is pending yet. A break below will be perfect shorts till support around $14.06 - $14.47
#APT is trying to break the falling wedge pattern to the upside but over market still looking for sideways. You can open a tiny buy position here, for a scalping about 5%-7%.
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#DYDX continue to push up and nearly tapped out the strong resistance level. Looks like price rejected sharply and might continue to push lower. You can look for hourly resistance around $2.36 for shorts.
#DYDX exactly rejected from the hourly resistance around $2.36 and if you took the entry then, its running around 5.5% in our favor. Better take partials or close the position as per your style.
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Hello Members, this post is all about, How to Mark the Correct Market Structure in an Uptrend. We've mentioned everything in simple as possible about the Structure. We'll update with the Marking Downtrend Market Structure and shift in Market Structure too…
Continuing this, its very similar and opposite way to identify the Bearish Market Structure. I hope this will hope you alot in your trading 📈
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Here's the analysis of #OCEAN :
#OCEAN is been trending tot he upside and building up and rising wedge pattern. Currently, price is trying to breakout of the pattern and may drop to major support zone of $0.300 - $0.325. A close below candle will be a perfect setup for that and for longs, wait for the opportunity.
#OCEAN is been trending tot he upside and building up and rising wedge pattern. Currently, price is trying to breakout of the pattern and may drop to major support zone of $0.300 - $0.325. A close below candle will be a perfect setup for that and for longs, wait for the opportunity.