📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The Candlestick Chart is an important tool for traders to understand market dynamics. It is composed of four key price points: Opening Price, Closing Price, highest price, and lowest price. These data points together form the three main parts of the Candlestick:
The upper shadow reflects the gap between the day's highest price and the closing price (or opening price), demonstrating the limits of buyer strength. The body part shows the range between the opening price and the closing price, with its color and length intuitively representing the overall trend and strength of the market. The lower shadow displays the price fluctuations between the lowest price and the opening price (or closing price), reflecting the bottom line of seller strength.
When interpreting a single Candlestick, we need to pay attention to the following points:
1. Color distinction: A red or white candlestick indicates an upward movement, while a green or black candlestick represents a downward movement.
2. Entity Length: A longer entity signifies stronger market sentiment, whether in an upward or downward trend.
3. Shadow Line Characteristics: A long upper shadow indicates significant resistance above, while a long lower shadow suggests strong support below.
When analyzing Candlestick patterns, some classic forms are worth paying attention to:
- The double bottom and double top patterns indicate possible upward and downward reversals, respectively.
- The Head and Shoulders Bottom and Head and Shoulders Top are more complex reversal signals, indicating potential upward and downward trends, respectively.
- The pregnant line pattern is usually seen as a sign that the market is about to change direction.
Mastering the interpretation skills of the Candlestick Chart can help investors better grasp market rhythms and make informed trading decisions. However, it is important to note that Candlestick analysis should be combined with other technical indicators and fundamental analysis to gain a more comprehensive insight into the market.