How to read UnelmaCoin charts and predict price movements?
Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of UnelmaCoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
Let’s use a 1-hour candlestick chart as an example. The chart is divided into “candles” that give us information about UnelmaCoin’s price action in 1-hour chunks. Each candlestick will display UNC’s opening price, closing price, as well as the highest and lowest prices that UnelmaCoin reached within the 1-hour period. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
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