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Cryptocurrency Introduction: Beginners Can Easily Understand K-Line

[Star R] Basic Composition of K-Line

Opening Price: The initial transaction price of the trading day.

Closing Price: The final transaction price of the trading day.

Highest Price: The highest transaction price within the trading day.

Lowest Price: The lowest transaction price within the trading day.

K-Line Usually Comprises Three Parts:

Upper Shadow: Located above the K-Line, indicating the price range between the highest price and the closing price (or opening price, depending on the nature of the K-Line).

Body: Indicates the price range between the opening price and the closing price. A bullish candle (red or white) indicates that the closing price is higher than the opening price, while a bearish candle (green or black) indicates that the closing price is lower than the opening price.

Lower Shadow: Located below the K-Line, indicating the price range between the lowest price and the opening price (or closing price, depending on the nature of the K-Line).

[Star R] Interpretation Methods for K-Line

Interpretation of a Single K-Line

Bullish and Bearish Candles: A bullish candle indicates that the market has risen during that period, while a bearish candle indicates a decline.

Size of the Body: The longer the body, the stronger the market's momentum. A longer bullish body indicates stronger upward momentum; a longer bearish body indicates greater downward momentum.

Length of Shadows: The longer the shadow, the stronger the market's resistance or support in that direction. A longer upper shadow indicates greater resistance to rising; a longer lower shadow indicates stronger support.

Interpretation of K-Line Combinations

Double Bottoms and Double Tops: A double bottom (W bottom) signals a transition from a downtrend to an uptrend; a double top (M head) signals a transition from an uptrend to a downtrend.

Head and Shoulders Bottom and Top: Head and shoulders bottom is a formation indicating a reversal to the upside, while head and shoulders top indicates a reversal to the downside.

Pregnant Line: The pregnant line usually indicates that a market reversal may soon occur.

Doji Star: A doji star indicates that the opening price and closing price are the same during that period, suggesting a balance of power between buyers and sellers. Appearing at a high may indicate a peak, while appearing at a low may indicate a bottom.

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