What is a Candlestick chart?
A candlestick chart is a valuable technical tool that gives an insight into the price movements of a given asset. It is used as a tool that shows how an asset’s value fluctuated in the past. The chart comprises individual candlesticks or candles that can be plotted for different time frames and periods, giving information about the open, close, low, and high price for the specific frame. Traders use charts to better understand the price action, identify trends and discover candlestick patterns that could give possible trading signals.