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How to distinguish red and green in currency speculation?

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2024-04-17 10:27:271051browse

In cryptocurrency charts, red indicates falling prices and green indicates rising prices. Red candles open higher than the closing price, while green candles open lower than the closing price. Additionally, red cylinders are hollow or filled, while green cylinders are hollow or filled.

How to distinguish red and green in currency speculation?

How to distinguish red and green in currency speculation

In cryptocurrency trading, red and green charts are used to indicate price changes .

Red

  • Red charts indicate falling prices.
  • Candlestick charts or K-line charts appear as red hollows or fills.
  • Red indicates that the seller is under great pressure and the buyer’s demand is insufficient.

Green

  • Green charts indicate rising prices.
  • Candlestick charts or K-line charts appear as green hollows or fills.
  • Green indicates strong buyer demand and insufficient seller pressure.

How to distinguish red and green candles

A candle or K-line chart contains four main parts:

  • Opening price: The top of the column (empty column) or the bottom (filled column)
  • Closing price: The bottom of the column (empty column) or top (filled column)
  • Highest price: Vertical line above the bar
  • Lowest price: Vertical line below the bar

Green candle:

  • Opening price Below the closing price
  • The bar is green

Red candle:

  • The opening price is above the closing price
  • Bars are red

Note:

  • Red and green charts are not the only way to represent price changes. There are other chart types such as line and area charts.
  • Chart colors can be customized through settings, so the above color rules may vary by platform.

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