Shooting Star Candlestick Pattern

Shooting Star Candlestick Pattern




The shooting star has the same shape as the inverted hammer,but is formed in an uptrend: it has a small lower body and a long upper wick.




 
Usually the market will move away slightly higher on the open and rally to an intra-day high before closing at a price just above the open- like a star falling to the ground.



Beginner Tip

Fundamental Analysis

In Fundamental Analysis, a basic analysis is done and the current situation of the respective Cryptocurrency is studied and things like News about the relevant Coin are studied and assumptions are made based on that and investments are made. Analysis is done. This method is used in Cryptocurrency as well as Stock Market and Forex Trading. Today this article talks about technical analysis of Cryptocurrency Market. Here we mainly focus on the chart and the changes around it. Today's article What is a Chart? Let's talk about how to read one and what candles are.

To invest in the cryptocurrency market, we must first connect with an exchange. There are many types of exchanges and among them I recommend Binance Exchange as it is easy to use and understand.

I told you earlier that we use special software and tools for analysis, for that many experts in the field use a website called tradingview.com, here you need to create an account and register on this website, select the coin pair we want. and related table. You can choose one. This is where we begin to analyze

most popular and the best free crypto currency trading strategy | bearish | bullish | chart analysis | technical analysis | candlestick patterns | chart patterns by Dr.Trade

In order to invest properly in the Cryptocurrency Market and get good income, it is important to have a good understanding of the Coin we are buying. So we bring you this article which explains all the details about Cryptocurrency Coin.

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Dr.Trade


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