CryptoRobotics

The Japanese candlestick chart is a type of chart that is used to analyze the price of an asset over a certain period of time. This chart consists of candles that represent the same timeframe. The duration of this period can range from a few seconds to several months, or even several years. Varieties of such charts were created in the 17th century.

These tools are believed to have been created by a Japanese rice merchant named Homa, and it was his ideas that formed the basis of modern candlestick charts. Since then, candlestick charts have been refined and significantly improved. Despite the fact that with the help of candles, it is possible to carry out analysis to obtain various data, their main purpose is to study the price dynamics of movement in the financial markets. Thus, thanks to this research, traders and investors can accurately assess possible price fluctuations and create their own ideas based on the data obtained from the analysis.
How do Japanese candlestick patterns work?

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Each of the candles includes several points that reflect the fluctuations in the price of an asset over a specific period of time:

• Open. It is the starting price of an asset for a certain period.

• High. It is the highest value of an asset for a certain period.

• Low. It is the lowest value of an asset for a certain period.

• Close. It is the last recorded value of an asset for a certain period.