Algorithm

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Candlestick Chart

What does Candlestick Chart mean in crypto terms?

A candlestick chart is a visual representation used in finance to depict price movements over a specified time period for an asset such as a security, derivative, or currency. Each 'candlestick' represents the opening, closing, highest, and lowest prices for the given interval. The main body, or 'candle', shows the opening and closing prices, while the 'wicks' or 'shadows' extend from the body to represent the highest and lowest prices during the time frame. Candlestick charts are widely used in technical analysis to study price patterns and trends, helping traders make informed decisions based on historical data.

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