How to Read Candlestick Charts In Crypto Trading Like a Pro
May 31, 2024
19 min read
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Understanding Candlestick Charts
Did you know that candlestick charts appeared over three centuries ago? The candlestick chart was invented in the 1700s by a Japanese rice trader — Munehisa Homma (or Homna, also known as Sokyu Honma or Homma). He used the candlestick elements (Open High and Close Low) to represent the prices in a trading period.
Today, almost all financial markets rely on candlestick charts for price representation.
But how do they work?
Read on as we explain everything you need to know about candlestick charts, including how to read and trade with them for profit.