InvertedHammer
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Inverted Hammer Candle: A bullish reversal pattern (📉➡️📈) that forms after a downtrend. It has a small body and a long upper wick (🔼), showing buyers trying to push the price up — a potential signal for trend reversal on Binance! (💹)
#InvertedHammer #CandlestickPattern #CryptoTrading. #BinanceSignals #BullishReve
#InvertedHammer #CandlestickPattern #CryptoTrading. #BinanceSignals #BullishReve
#candlestick #InvertedHammer
An Inverted Hammer is a candlestick pattern that resembles a Hammer, but with a long upper wick instead of a lower wick. Like the Hammer, the upper wick should be at least twice the size of the body.
The Inverted Hammer appears at the bottom of a downtrend and indicates a potential upside reversal. The long upper wick shows that the price has halted its downward movement, despite sellers' efforts to push it down to the opening level.
Therefore, the Inverted Hammer can be a bullish reversal signal, indicating that buyers may soon gain control of the market.
An Inverted Hammer is a candlestick pattern that resembles a Hammer, but with a long upper wick instead of a lower wick. Like the Hammer, the upper wick should be at least twice the size of the body.
The Inverted Hammer appears at the bottom of a downtrend and indicates a potential upside reversal. The long upper wick shows that the price has halted its downward movement, despite sellers' efforts to push it down to the opening level.
Therefore, the Inverted Hammer can be a bullish reversal signal, indicating that buyers may soon gain control of the market.
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