Cryptocurrency Q&A
What is the difference between a hammer and a hanging man?
What is the difference between a hammer and a hanging man?
CryptoProphet
Mon Feb 10 2025
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I want to know the difference between a hammer and a hanging man. I'm curious about their distinct characteristics and functions, and how they differ from each other.
5 answers
MatthewThomas
Wed Feb 12 2025
The technical analysis pattern known as a hanging man is characterized by a specific formation that signals a potential bearish reversal.
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EnchantedNebula
Wed Feb 12 2025
This pattern typically occurs during an uptrend, where the candlestick has a small real body located near the top of its range.
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Filippo
Wed Feb 12 2025
The lower wick of the candlestick is usually much longer than the upper wick, indicating selling pressure has temporarily outpaced buying.
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GliderPulse
Wed Feb 12 2025
Conversely, if a similar pattern appears in a downtrend, it is referred to as a hammer, which suggests a possible bullish reversal.
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CoinMasterMind
Tue Feb 11 2025
In the case of a hammer, the candlestick also has a small real body, but it is positioned NEAR the bottom of its range, with a longer upper wick indicating buying pressure has started to emerge.
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