Hamza322es
39 Following
139 Followers
69 Liked
7 Shared
Posts
Quotes
it looks like it's forming head and shoulders will it dump to 54k? comment what you guys think
Hammer candle stick pattern :
The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It's called a "Hammer" due to its shape, which resembles a hammer with a long handle and a small head.
👀 What The Pattern Looks Like
The Hammer pattern is formed of a single candlestick, which has the following characteristics:
Small Real Body: The body of the candle, which is the difference between the opening and closing prices, should be small. This body can be either red (bearish) or green (bullish).
Long Lower Shadow: The most defining feature of a Hammer is its long lower shadow (wick). This shadow should be at least twice the length of the real body.
Little to No Upper Shadow: Ideally, a Hammer should have little to no upper shadow. If there's a small upper shadow, it can still be considered a Hammer, but the absence of an upper shadow is more ideal.
Position within a Trend: For the pattern to be considered a Hammer, it must form after a downtrend. If the same shape appears after an uptrend, it is called a "Hanging Man" and can be bearish.
🧠 Pattern Psychology
To fully understand the Hammer candlestick pattern, we need to delve into the market psychology behind it:
Previous Downtrend: Before the Hammer appears, there's a prevailing downtrend. This means that the bears have been in control, and the sentiment is pessimistic.
Intra-day Decline and Recovery: On the day the Hammer is formed, prices generally open and continue to move down, suggesting that bears are still trying to push the prices lower. However, at some point during the day, a change in sentiment occurs. Buyers step in, pushing the price back up, often closing near or slightly below the opening price.
Bulls Take Control: The long lower shadow represents the distance between the lowest traded prices of that day and the closing price, showing a rejection of the lower prices. #write2earn
The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It's called a "Hammer" due to its shape, which resembles a hammer with a long handle and a small head.
👀 What The Pattern Looks Like
The Hammer pattern is formed of a single candlestick, which has the following characteristics:
Small Real Body: The body of the candle, which is the difference between the opening and closing prices, should be small. This body can be either red (bearish) or green (bullish).
Long Lower Shadow: The most defining feature of a Hammer is its long lower shadow (wick). This shadow should be at least twice the length of the real body.
Little to No Upper Shadow: Ideally, a Hammer should have little to no upper shadow. If there's a small upper shadow, it can still be considered a Hammer, but the absence of an upper shadow is more ideal.
Position within a Trend: For the pattern to be considered a Hammer, it must form after a downtrend. If the same shape appears after an uptrend, it is called a "Hanging Man" and can be bearish.
🧠 Pattern Psychology
To fully understand the Hammer candlestick pattern, we need to delve into the market psychology behind it:
Previous Downtrend: Before the Hammer appears, there's a prevailing downtrend. This means that the bears have been in control, and the sentiment is pessimistic.
Intra-day Decline and Recovery: On the day the Hammer is formed, prices generally open and continue to move down, suggesting that bears are still trying to push the prices lower. However, at some point during the day, a change in sentiment occurs. Buyers step in, pushing the price back up, often closing near or slightly below the opening price.
Bulls Take Control: The long lower shadow represents the distance between the lowest traded prices of that day and the closing price, showing a rejection of the lower prices. #write2earn
Claim free rewards from the following link.
Get free rewards
#Memecoins #BinanceLaunchpool #SHIB #TrenddingTopic #LearnAndEarn
Get free rewards
#Memecoins #BinanceLaunchpool #SHIB #TrenddingTopic #LearnAndEarn
Click the link for free USDT. Claim free USDT
#HotTrends #TrendingTopic." #BTC #freeshiba #shibvspepe
#HotTrends #TrendingTopic." #BTC #freeshiba #shibvspepe
If you haven't collected your free 1 USD go collect now. Claim free 1 USD
#HotTrends #trending #FreeCodeNow #free1usd #FLOKI.
#HotTrends #trending #FreeCodeNow #free1usd #FLOKI.
Claim your free 1 usd now. Claim your free 1 USD #HotTrends #TrendingTopic: #Free30Dollars #freemoney #Learn2Write
Don't sell your FLOKI Inu hold it for a week. $FLOKI #HotTrends #Flokibullish #TrendingTopic: #LearnToEarn" #BTC
Sorry to say but SHIBA INU will never reach $1. For this to happen it needs at least $300T market cap which will never happen. You should sell your SHIBA inu coins and try investing in some other crypto. Don't hate me for that was just sharing my opinion comment down what is your opinion about $SHIB #TrendingTopic #Learn2Write #SHIBA✅🚀
Can SHIBA INU make a comeback? what do you think comment down and follow. send red packets to get more.
#TrendingTopic #SHIBA✅🚀 #learn2earn
$SHIB
#TrendingTopic #SHIBA✅🚀 #learn2earn
$SHIB
$SHIB is growing faster than expected. Yesterday I uploaded a post saying that it'll reach 0.00004000 on march 6 but, now it's gonna happen on march 5 and it might eliminate one more zero in the next 4 days. #TrendingTopic #SHIB #Learn2Write
#TrendingTopic My prediction for Shiba Inu is that it will touch 0.00004000 on 6/3/24. what is your opinion ? comment down.$SHIB #Learn2Write #SHIBA✅🚀
Login to explore more contents