Candlestick Chart Basics: Open, Close, High, and Low Prices

What Is a Candlestick Chart?

This is visualized with a candlestick chart, which illustrates the movement of an asset's price during that period. It is a popular choice for stock, forex and cryptocurrency market. Fourth chart candlestick composed, four price values (open, close, high, low)

Trade XXKK Exchange has various Option Settings, which can be switched on their trading page: intervals 1 min, 1 hour and 1 day. Each candlestick is of the selected timeframe.

Four basic candle stick prices

Opening Price

Opening price – this is the first price at which a transaction takes place in this period for your selection. Thus to say: The first transaction price in a certain period of time, for a 1 hour candlestick it represents the opening price.

Closing Price

The final price at which the market was traded before closing time, If the closing priceis above opening price, this is considered an asset to move up in pricethat period. The asset has since even fallen lower.

Highest Price

Highest price The highest traded price over the period. It usually appears higher than the upper wick and represents the highest price level that has been reached in the market.

Lowest Price

The minimum : The lowest price during the time. It is normally, seen at the end of a longer lower wick to help identify where we might find some short term support.

Reading the Body and Wicks

The body of the candlestick defines where the price opened and closed, as well as what happened with that candle. The longer the body, in general, the higher the difference between buying or selling pressure.

The small lines at the top and bottom are called wicks. A long upper wick, which shows sellers jumping back in, would mean price pushed up then down after. If it had a long lower wick, it suggests that buyers stepped in after the price fell.

Something Beginner Should Know?

Candlestick patterns cannot predict with high accuracy what you will do. But, candlestick evaluation always must be done with volume evaluations (where/how much that movement has been) and trends and strength of the trend over support line/resistance lines etc. They must not strictly trade by the colour of any bar, either!

Register with XXKK Exchange

Overview of XXKK Exchange OpeningWhere users can get more and more instant updates on minute-by-minute candlestick chart and real-time market price, trading data. You are advised to check that the platform is legal in your region — it must be as at October 2023 — while also ensuring you understand the risks of trading in digital assets

XXKK Exchange registration link: https://www.xxkk.com/