Cryptocurrency Q&A
How to predict opening candles?
How to predict opening candles?
Valentino
Wed Dec 18 2024
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5
answers
1089
I'm interested in learning about predicting opening candles. I want to understand the methods or techniques that can help me forecast or anticipate the initial price movement of a candlestick chart when the market opens.
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5 answers
Eleonora
Thu Dec 19 2024
The appearance of a short upper shadow on a down candlestick provides significant insight into the market's behavior for that particular day.
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MountFujiView
Thu Dec 19 2024
Each of these prices contributes to the formation of the daily candlestick, which serves as a visual representation of market activity.
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Daniele
Thu Dec 19 2024
Specifically, it suggests that the opening price for the day was relatively close to the highest point reached during trading.
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Claudio
Thu Dec 19 2024
Conversely, a short upper shadow on an up candlestick indicates that the closing price was NEAR the daily high.
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SeoulSoul
Thu Dec 19 2024
The interpretation of these shadows hinges on understanding the interplay between the opening, high, low, and closing prices of the day.
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