Blockchain Glossary

Candlesticks

Published on August 30th, 2021

Candlesticks are used for charting price action by displaying the high, low, open and close prices for the time period specified.

Depending if the candlestick closes higher or lower from the opening price, it will have a different color, usually either red or green where red marks a down candle and a green marks a candle that closed higher.

They can be displayed in different time frames, from a monthly and daily chart all the way down to less than a minute of data.