Asking Questions about the Candlestick Chart for BEE

How common is a chart like this? Asking questions about the chart for BEE. I don't have answers, so I ask questions.

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<sup>Click cover image to view at full-size

Cover image made using screen capture of BEE chart from LeoDex, with light edits made using MS Paint.</sup>

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While reviewing the Hive Engine wallet for the @magnacarta.buzz account I use to engage at D.Buzz, I noticed the above chart for the BEE token. Although I can't explain why, I have to admit that I was fascinated by its appearance.

I don't have much if anything to offer in the way of technical analysis of the BEE token over the last 60 days as of 2022-June-18, so the best I can do is ask questions in the hopes that-- with help from fellow Leos reading this post-- we can discover what is happening with BEE.

What I Know for Certain about BEE

The BEE Token has Near-Perfect Liquidity

As the native token of Hive Engine and the other DEXs on Hive blockchain, that's a very good sign.

BEE Has Been Very Active

On many days, BEE had a low of 0.5 and a high of 1.0. For many of those days, BEE had both prices. On some days, the high price and closing price were the same.

BEE Had More Days Green Than Red

For most Hive Engine tokens, the last 60 days also coincide with the last 60 days which had transactions. BEE is one of these tokens. Whether candlestick bodies are thick or thin, BEE had 33 days in the green.

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Questions about What I Don't Know from the BEE Chart

This is where fellow Leos can help me:

• Does this cahrt for BEE make an excellent example of support and resistance levels?
• Are resistance/support levels determined by open/close prices or by high/low prices?
• How many types of candlesticks appeared?
• Are there any favorable trends shown in this chart?
• How common is it for wicks to be this long?
• How common is it to have this many wicks of similar lengths?
• Does it look as if the opening price will coincide with an intraday high price any time soon?
• Are there any patterns in that chart indicating bad trends for BEE?
• Apart from open/close prices, what's the difference between a large thick body and a thin wick?
• Which is better, consecutive thick green candles or consecutive green wicks? (I would say to go with the former, but I don't know.)
• Which is better, consecutive thick red candles or consecutive red wicks? (I would say to go with the latter, but I don't know.)
• What else should I look for as I examine a chart like this?

Just My Two Sats

Sometimes the most value we can offer each other isn't from the answers we give but rather from the questions we ask. This may be one of those times, but I'm not so sure.