Robinhood Crypto Trading App Introduces New “Candlestick Charts” Feature

Robinhood App Introduces “Candlestick Charts”

A recent Robinhood news blogpost shared the addition of new features to its commission-free trading app. The main addition is that of “candlestick charts”, which was supposedly requested by multiple users of the app. Candlestick charts will not only be offered for traditional investments like stocks and options but will also be offered for cryptocurrency accounts as well.

Candlestick charts, as the name implies, takes on the form of a candle, which reflects four aspects: high, low, open and close.

The high and low reflect the two ends of the chart and represent the minimum and maximum price for the day, while the open and close represents the price at the beginning of the day for trading and end of the day respectively. Said charts are beneficial for making crucial analysis, as they provide better visualization as how prices move.

According to representative who discussed the new feature with Coin Desk, candlesticks are not only appropriate to track price changes, but also depicts “how volatile the price has been”, adding that “a line chart only displays the close price.”

In addition to candlestick charts, the team involved has also included “Analyst Ratings, People Also Bought, and About” features, which provides investors with more than one perspective on a particular project as well as a larger picture including potential competition to consider.

Robinhood trusts that this move will help build stronger relationships with its clients, emphasizing on the fact that this endeavor “will significantly improve the customer experience and help investors make better-informed decisions”.

At the time of writing, Robinhood has gained the support of nearly five million users, with a fifth achieved in as little as five days since the announcement of its crypto services back in January 2018.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Binance & Huobi to Let Traders Short Dogecoin’s Delirious Gains, Bitfinex Jumps on Board Too

This week, the coin that ignited the altcoin rally is Dogecoin, which has jumped 130% in less than four days. The 27th largest cryptocurrency soared...

Libra Association’s Policy Director: Multi-Currency Backed Stablecoin Vision Still on Track

Libra has not abandoned its original vision of launching a multi-currency backed stablecoin, according to the organization's Policy Director, Julien Le Goc. Speaking during...

Coinbase Planning for Stock Market Listing that Could Happen as Early as This Year: Report

US-based cryptocurrency exchange Coinbase Inc. has kicked off its plan for a stock market listing that could come as early as this year. The crypto...

Is It Time for Chainlink (LINK) to Retract or Is There Still A Lot to Fuel This Fire

The 12th largest cryptocurrency by market cap has been hitting new all-time highs almost every day this week. The new peak is $6.53, and...

89% of Hodlers Are Worried About Their Crypto, But Only 23% Have A Plan For After Death: Report

An online research report by "after-life" investment experts firm, Cremation Institute, found out nearly 90% of cryptocurrency investors worry about losing their funds...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today