A candlestick chart is a chart that represents a token's price movement.
Here is an example of a candlestick chart:
Candlestick charts consist of multiple red and green "candlesticks".
Each candlestick represents a specific time frame (i.e. 1 minute, 1 hour, 1 day) depending on the chart.
A green candlestick represents a positive price movement. These may occur when liquidity is provided or when swappers are buying more than they are selling.
A red candlestick represents a negative price movement. These may occur when liquidity is removed or when swappers are selling more than they are buying.
Each candlestick is made of a body, an upper wick, and a lower wick.
The body is the rectangular part of the candlestick.
- The body represents the price range between the opening and closing prices during the specified time period.
The wicks are the thin lines extending above and below the body.
- The upper wick represents the high price during the specified time frame.
- The lower wick represents the low price during the specified time frame.
Wicks show how much the price changed during a specified time frame.
Using these definitions you read a candlestick chart to see the changes in a token's price.
To see our candlestick charts, select a token on our Explore page and toggle the Chart type from "Line" to "Candlestick".