A green candle is an indication of the price closing higher than the opening price.
What Is a Green Candle?
A green candle is also called an up candle or a white candle. The opposite of a green candle is a red or black candle, which signifies that the closing price is lower than the opening price.
For example, if a stock opens at $10 and closes at $20, then its candlestick will have a body of $10. The upper shadow (wick) will be at $20 and there will be no lower shadow (wick) because the low was $0.
The color of the candlestick doesn’t mean anything on its own, but rather it depends upon how other candlesticks are colored in relation to it. For example, if one day you see a green candle and the next day you see a red candle, then you can infer that the market went down in value from one day to the next. However, if you see two green candles in a row, then it could mean that value went up today but not as much as yesterday.
Another thing to look at is how much volume is behind the green candle. If there is very little volume behind the green candle, then this could mean that there might not be much support for it and it could just be a retracement movement before another leg down.
However, you shouldn’t take this as a piece of advice. There are a lot of other factors that go into consideration when you decide to invest in a cryptocurrency.