This is a quick guidebook for identifying bullish & bearish signals of 14 token metrics on Candlestick.

30+ tokens charts and metrics, Real-time Trade Feeds, and Actionable Bullish & Bearish Signals, all of which you can get in Candlestick.

This page provides a quick guidebook about identifying Candlestick metric bullish/bearish signals.

Buy/Sell Pressure

Average HODL Price

• Higher than the current price
• Bullish – The potential risk of selling a sizeable amount of tokens will reduce as most investors have not yet gained the expected profit.
• Lower than the current price
• Bearish – The potential risk of selling a sizeable amount of tokens will increase as most investors have already gained the expected profit.

Token Balance Distribution

• Increase during price falling
• Bullish – Institutions or crypto whales have finished the token accumulation at a low price and are ready to pull up.

Approved Sellable Amount on DEXs

• Decrease
• Bullish – The amount of a token approved to sell on DEX by traders is decreasing.
• Increase
• Bearish – The amount of a token approved to sell on DEX by traders increases.

Exchange Flows

Net CEX Outflow

• >0
• Bullish – Traders deposit fewer tokens to centralized exchanges than withdrawals.
• <0
• Bearish – Traders deposit more tokens to centralized exchanges than withdrawals

Balances on CEXs

• Decrease
• Bullish – The number of tokens held on centralized exchanges for selling drops.
• Increase
• Bearish – The number of tokens held on centralized exchanges for selling increases.

DEX Trading

Net Buy Amount*

• >0
• Bullish – The buying power of a token is stronger than the selling power, boosting the price possibly.
• <0
• Bearish – The selling power of a token is stronger than the buying power, dropping the price perhaps.

Trading Volume with Size Distribution

• High volume during price rising
• Bullish – The token attracts more optimistic investors. This signal could strengthen the rising trend.
• Low volume during price falling
• Bullish – Lesser traders are willing to sell the tokens at the current low price. The price may occur reversal soon.
• High volume during price falling
• Bearish – Traders’ selling does not stop even at a lower price. The falling trend would continue.
• Low volume during price rising
• Bearish – Buying power is weak to support the current rising price, which may cause the upward price trend to stop.

Turnover Rate

• High turnover rates during price rising
• Bullish – More active traders. Reinforce the rising trend.
• Low turnover rates during price falling
• Bullish – Lesser tokens are sold at the current low price. The falling trend is fading, and the price may reach a resistance level soon. 
• High turnover rates during price falling
• Bearish – Negative sentiment among investors indicates that the falling trend would continue.
• Low turnover rates during price rising
• Bearish – The current rising price is not supported by reliable buy power, which may cause the upward price trend to stop.

Unique Traders

• Increase
• Bullish – An increasing number of traders trading a particular token.
• Decrease
• Bearish – A decreasing number of traders trading a specific token.

Holders

Holders

• Increase
• Bullish – An increasing number of holders.
• Decrease
• Bearish – A decreasing number of holders.

Active Addresses

• Increase
• Bullish – More active transfers and traders.
• Decrease
• Bearish – Weaker transfers and fewer traders.

New Addresses

• >0
• Bullish – More new-coming investors.

Liquidity

Net Add Amount for Liquidity

• >0
• Bullish – More tokens are provided into the pool to increase liquidity.
• <0
• Bearish – More tokens are removed from the liquidity pool.

Liquidity Providers

• Increase
• Bullish – A growing number of addresses provides liquidity to a token’s trading pairs on DEX.
• Decrease
• Bearish – A declining number of addresses provides liquidity to a token’s trading pairs on DEX.

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