Despite the fact that the interaction is very low and weak, my soul will not allow me to skip the lesson

for this

the first lesson in the series of teaching the candles of the crypto market

the first candle (Doji Candle)

Definition:

The Doji candle is a type of Japanese candle in technical analysis for stock exchanges and financial markets

Feature:

It represents market indecision or a balance between buyers and sellers during a certain period of time

Appearance:

Very small or almost nonexistent body because the opening price is approximately equal to the closing price

It has a long wick at the top and bottom; in some cases, it shows the range of price movement during the period

In short: a candle with a very small body and sometimes long shadows

What it means:

The market is indecisive: there is no strong upward or downward trend.

Important ⬇️

It may indicate a potential reversal of the current trend, especially if it appears after a series of large candles in a specific direction

Types of Doji:

1. Standard Doji: very small body and short shadows

2. Gravestone Doji: long upper wick, no body or a small body that may indicate a bearish reversal

3. Dragonfly Doji: long lower wick that may indicate a bullish reversal.

4. Long-legged Doji: very long shadows at the top and bottom indicating a strong struggle between buyers and sellers

Usage:

Traders use it in technical analysis to identify reversal points or momentum retracement

Stay tuned for more coming soon.