Cryptocurrency Q&A
What is the hammer candle rule?
What is the hammer candle rule?
Valentina
Tue Feb 11 2025
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7
answers
1250
The hammer candlestick rule refers to a price pattern in candlestick charting where a security trades significantly lower than its opening but rallies to close NEAR the opening price, forming a hammer-shaped candlestick. This pattern typically occurs after a price decline and indicates a potential price reversal to the upside.
7 answers
GinsengGlory
Wed Feb 12 2025
A hammer candlestick is a specific technical trading pattern observed in financial markets.
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CryptoWanderer
Wed Feb 12 2025
The lower shadow indicates that the price fell significantly during the trading period but then recovered.
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CryptoQueen
Wed Feb 12 2025
It gets its name due to its resemblance to the shape of a hammer, which is visually distinct.
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SeoulSoul
Wed Feb 12 2025
Following the price drop, there is a reversal, and the security closes near its opening price.
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HallyuHeroLegendaryStar
Wed Feb 12 2025
BTCC, a top cryptocurrency exchange, offers a range of services related to digital assets.
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