Reversal Alert! đš XRP & ETH Print Bullish Hammers
Markets are whispering a potential trend change. Both XRP and ETH have just captured a classic bullish hammer pattern on the 1-hour chart.
What This Means:
This pattern signals strong buying pressure emerging after a downtrend.It suggests the selling exhaustion is being met with significant demand, often preceding a reversal to the upside.
The Signals:
· XRP: Hammer Pattern Captured (1h Candle - Oct 31, 02:00 UTC)
· ETH: Hammer Pattern Captured (1h Candle - Oct 31, 02:00 UTC)
While not a guarantee, the simultaneous formation across two major assets is a notable development for traders. Always confirm with volume and subsequent price action.
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