Cryptocurrency Q&A
Can inverted hammer be red?
Can inverted hammer be red?
Raffaele
Tue Feb 11 2025
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I am wondering if an inverted hammer, which is a specific candlestick pattern in financial charts, can appear in red. I want to know if this pattern can form when the closing price is lower than the opening price, causing the candlestick to be red.
6 answers
Bianca
Thu Feb 13 2025
The pattern in question can exhibit a variety of colors.
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CryptoTamer
Thu Feb 13 2025
It is widely believed that an inverted green hammer candle conveys a more potent signal.
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BlockProducer
Thu Feb 13 2025
For instance, you may encounter a red inverted hammer candlestick.
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TaekwondoMasterStrengthHonor
Thu Feb 13 2025
Alternatively, you could find an upside-down green hammer.
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Margherita
Thu Feb 13 2025
Both variations serve as indicators of a bullish reversal.
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