What a candle tells you—and what it leaves out
A chart compresses trades; it does not explain every reason behind them.
The mechanism
A price candle summarises an interval’s opening, highest, lowest and closing values according to the chart provider’s feed. Its meaning depends on the selected market and interval. A five-minute candle and a daily candle are different summaries, not competing accounts of one event.
Put it into practice
Before interpreting a pattern, write down the pair, venue, quote currency and time zone. Compare activity across the interval instead of treating a single last price as the price available for every order. A candle does not identify beneficial owners or prove that demand is durable. This is why a research note should keep chart observations separate from explanations of investor intent.
Keep the evidence in view.
www.coingecko.com — source & further reading ↗Checked for this edition on 7 October 2026. Examples are illustrative unless stated otherwise. Read our editorial standards.
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