Cryptocurrency Q&A
Is an inverted hammer a bull or bear?
Is an inverted hammer a bull or bear?
SamsungSpark
Sat Feb 08 2025
|
7 answers
1375
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.
Was this helpful?
110
71
Silvia
Mon Feb 10 2025
It suggests that the market initially experiences selling pressure, causing the price to decline.
Was this helpful?
197
21
KatanaBladed
Mon Feb 10 2025
Despite this bearish momentum, bulls eventually intervene and push the price back up.
Was this helpful?
133
31
OceanSoul
Sun Feb 09 2025
This pattern forms when the opening price is close to the low of the day.
Was this helpful?
298
35
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.
Was this helpful?
140
38
Load 5 more related questions
