Cryptocurrency Q&A
Is an inverted hammer a bull or bear?
Is an inverted hammer a bull or bear?
SamsungSpark
Sat Feb 08 2025
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7
answers
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I'm trying to understand whether an inverted hammer candlestick pattern is considered a bullish or bearish indicator. Could someone clarify this for me?
7 answers
Valentina
Mon Feb 10 2025
The Inverted Hammer pattern is a significant indicator in technical analysis.
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Silvia
Mon Feb 10 2025
It suggests that the market initially experiences selling pressure, causing the price to decline.
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KatanaBladed
Mon Feb 10 2025
Despite this bearish momentum, bulls eventually intervene and push the price back up.
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OceanSoul
Sun Feb 09 2025
This pattern forms when the opening price is close to the low of the day.
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CryptoLordGuard
Sun Feb 09 2025
A small real body appears at the upper part of the day's range, indicating a battle between buyers and sellers.
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