Lesson 5 of 6, about 4 minutes to read
Reading a price chart
Lines and candles, time windows, and the difference between volume and liquidity.
A line chart joins prices over time. A candlestick chart shows four prices for each period: where it opened, its high, its low and where it closed. Neither predicts the next move. They show what already happened.
A percentage change depends on the window. A token can be up over 24 hours and down over the last hour. PINGO shows 5-minute, 1-hour, 6-hour and 24-hour changes side by side for that reason.
Volume is not liquidity
Volume is how much was traded during a period. Liquidity is how much sits in pools ready to trade against. High volume on low liquidity means the price can swing hard on fairly small orders.
PINGO's asset pages draw a live line from prices collected while the page is open. Candles will come once a licensed source for them is in place.