Glossary - ChicksX

Whiskers are the thin lines extending from candlestick bodies in charts, representing price fluctuations beyond opening and closing values.

Whiskers are graphical elements on candlestick charts, used extensively in crypto and fiat trading analysis. They represent the highest and lowest prices reached during a trading period. The whiskers extend from the body of the candlestick, which illustrates the opening and closing prices. The top of the upper whisker shows the period's highest price, while the bottom of the lower whisker shows the lowest. Analyzing whiskers helps traders understand market volatility and price trends. They are crucial for identifying potential support and resistance levels, enabling better decision-making in trading strategies and risk management.