Cryptocurrency Q&A
Can a hammer be bearish?
Can a hammer be bearish?
Nicola
Fri Feb 07 2025
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6
answers
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I'm wondering if a hammer, which is typically seen as a tool for striking things, can also represent a bearish sentiment in the financial market. Is there a connection between the two?
6 answers
Sara
Sun Feb 09 2025
A long lower shadow extends beneath the real body, typically measuring at least double its height.
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ZenHarmony
Sun Feb 09 2025
The bearish Hammer, alternatively recognized as a hanging man, represents a distinctive single candlestick formation.
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BitcoinBaron
Sun Feb 09 2025
This shadow signifies significant selling pressure that was eventually overcome by buyers, creating a potential turning point.
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Valentino
Sun Feb 09 2025
This pattern emerges following a period of upward price movement, indicating a potential reversal in the market trend.
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Tommaso
Sun Feb 09 2025
Notably, the upper shadow in a bearish Hammer is minimal or absent, further emphasizing the strength of buying interest.
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