Main Takeaways
Binance has just launched a new candlestick chart feature.
Traders who rely on charts can now use the 1-second interval feature whilst conducting technical analysis.
This feature is available for Spot and Margin charts; read on to find out how to use it.
Binance has just launched our latest feature for traders who want to monitor price changes by the second. Discover how to use candlestick charts with the 1-second interval feature.
For centuries, traders have been using candlestick charts to help them make more informed trading decisions. On Binance, you can access candlestick charts with different technical tools for technical trading, an approach that aims to predict future market behavior by analyzing past price action and volume data.
Binance is excited to announce the launch of our new 1-second interval feature on our candlestick charts. Traders who use candlestick charts can now refine their analysis with by-the-second price updates on Spot and Margin. Available on desktop and mobile, the 1-second interval feature can allow traders to zoom in on current price actions.
Note that this feature is currently not available for Futures.
What Is a Candlestick Chart?
Among the different types of charts technical traders use, candlestick charts are among the most popular. A candlestick chart is a financial chart made up of candlesticks that represent a fixed time frame. For instance, if you choose a daily (1D) time frame on a BTC/BUSD chart, each candlestick will represent information on the price of BTC against BUSD on a daily basis.
Each candlestick conveys the following information:
Open: The first recorded trading price of the asset within a particular time frame.
Close: The last recorded trading price of the asset within a particular time frame.
High: The highest recorded trading price of the asset within a particular time frame.
Low: The lowest recorded trading price of the asset within a particular time frame.
If you’re interested in learning more about technical trading, you can browse our selection of technical analysis articles on Binance Academy.
How to Use Binance's 1-Second Interval Feature
On the Binance webpage:
Look for the asset you are interested in on the Binance markets page.
Select your trading pair. A candlestick chart for that trading pair will open.
Click on the ‘1s’ option right above the candlestick chart to change the candlestick interval to one second.
On the Binance app:
Look for the asset you are interested in.
Select your trading pair. A candlestick chart for that trading pair will open.
Tap on the ‘1s’ option right above the candlestick chart. If you do not see that option, tap ‘Select preferred intervals’ and tap on the ‘1s’ option. Once you confirm your selection, you should be able to select the ‘1s’ interval option.
Apart from candlestick intervals, you can choose to customize your own Binance chart layout.
Upgrade Your Technical Analysis Toolkit!
Candlestick charts are one of the fundamental tools for any trader or investor. Analyze price action in different time frames, including 1-second intervals, for a more holistic approach to technical analysis.
