Uniswap has been working to give its customers better services. It just announced the release of candlestick charts, which would assist users in making financial decisions.

The network's candlestick chart function is now operational and available for use by interested parties.

Charts with Candlesticks

One useful tool that can assist consumers in making financial decisions based on an asset's performance is the Candlestick chart. In the case of cryptocurrencies or other assets, it is the trade activity represented visually.

As a result, without having to study a variety of sources, an investor can make well-informed selections in a matter of minutes.

The asset's opening and closing prices are included in the extensive information provided by these charts. Furthermore, it provides insights on the highest and lowest prices, while also the price movement.

The price movement of an asset can be tracked in both the long and short term, thus the investor is able to decide whether to go for an asset or drop the idea.

Candlestick charts have been in use in the crypto industry for a while. They are being used by different exchanges and ecosystems to keep investors and users aware of the price movement of tokens and other assets.

Uniswap had plans to introduce the candlestick charts function to the system so that users could make informed decisions regarding the purchase of assets.

In a recent Tweet, it said that the function has been integrated into the system and has gone live.

Uniswap introduces a necessary function

The official Twitter/X account of UniswapLabs said that the candlestick charts function has gone live and the users can utilize it.

All they need to do is click the explore button and it will open up a new world for them.In a video shared along with the Tweet, there is a description of how to use this function. Using this feature, the users can track the real-time price action of different assets.

As Uniswap is a decentralized cryptocurrency exchange, this feature will be of much help to the users through easy access to long-term data. As they can assess the performance of an asset in real time, they will make informed decisions.

The users will be able to know about the spot trading patterns using the candlestick charts.

They will be able to know which assets are selling hot and how much they can benefit from the trade through the performance of an asset. Thus, the new feature adds to the financial success of the traders

The video shows a detail of which features are available on the candlestick chart and how they can be explored.

Users can visit the Uniswap website or wallet app to check out this feature. In another linked tweet, it has also shared the details of new products that can help users swap smarter.

Live chart advantages

Candlestick charts are used by traders and organisations, as previously said, to determine the performance of a specific asset.

There are two different colours of candlesticks: red and green. The size of the bar fluctuates along with price, indicating whether or not a certain item can result in gains.

Live candlestick charts provide consumers several advantages. These charts provide them a thorough understanding of the mood of the market, which they might use to seize certain assets or sell others.

It displays the times when the market was optimistic or pessimistic, providing insight into the psychology of the market.

Users can estimate how much they will be able to make when they display price points from a resource. As a result, people find the candlestick chart tool to be quite helpful.

In summary

Uniswap has declared that the app now has a new function that can be accessed by using the explore button. Asset price movements and market sentiment provide valuable knowledge that users can apply. They don't need to study numerous sources to determine an asset's performance before making a choice to buy it.