How to read the rise and fall of the K-line chart when speculating on currencies

How to watch the rise and fall of the K-line chart for currency speculation? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you the K-line chart rise and fall observation method for currency speculation. Interested netizens should follow the editor to take a look!

Methods for observing the rise and fall of the K-line chart of currency speculation

[Look at Yin and Yang]

1. In cryptocurrency trading, “yin” and “yang” indicate price trends.

2. The Yang line is green, indicating that the closing price is higher than the opening price, indicating that the long side is dominant and the market may continue to rise.

3. The negative line is red, indicating that the closing price is lower than the opening price, indicating that the short side is dominant and the market may continue to fall.

[Look at the size of the entity]

1. The size of the entity reflects the strength of the inner motivation.

2. The larger the entity, the more obvious the motivation for rising or falling.

3. For Yang lines, the larger the entity, the stronger the upward momentum.

4. For the negative line, the larger the entity, the more obvious the downward trend.

[Look at the length of the shadow line]

1. The shadow line refers to the line outside the physical part of the K-line chart, and its length reflects the strength of the market turning signal.

2. The longer the upper shadow line, the greater the resistance encountered during the rise, which is not conducive to continued rise.

3. On the contrary, the longer the lower shadow line, the stronger the support encountered during the decline, and the greater the possibility of rising.

The above is the detailed content of How to read the rise and fall of the K-line chart when speculating on currencies. For more information, please follow other related articles on the PHP Chinese website!