In the world of cryptocurrency trading, candlestick charts are a fundamental tool used to analyze price movements and make informed trading decisions. Each candlestick represents a specific time period, typically one minute, one hour, or one day, and comprises four key price points:

Open: The price at which the cryptocurrency first traded during the time period represented by the candle.

High: The highest price reached by the cryptocurrency during the time period.

Low: The lowest price reached by the cryptocurrency during the time period.

Close: The price at which the cryptocurrency last traded during the time period.

The color of the candlestick indicates whether the price closed higher or lower than it opened. Green candles signify a higher closing price, suggesting an upward price trend, while red candles indicate a lower closing price, suggesting a downward price trend.

Cryptocurrency traders often interpret candlestick formations to identify potential buying and selling opportunities. Some common candlestick patterns that signal potential price movements include, see it in the below picture.