Cryptocurrency Q&A
Is inverted hammer called shooting star?
Is inverted hammer called shooting star?
DongdaemunTrendsetterStyleIconTrend
Wed Feb 12 2025
|
7
answers
1197
I don't understand this question. Could you please assist me in answering it?
7 answers
Valentino
Fri Feb 14 2025
The presence of a Shooting Star often indicates that the bulls are losing momentum, and a bearish reversal could be imminent.
Was this helpful?
204
25
SumoMight
Fri Feb 14 2025
On the other hand, the Inverted Hammer pattern features a long lower wick and a small real body NEAR the top. This pattern typically forms during a downtrend.
Was this helpful?
339
98
Martina
Fri Feb 14 2025
The Shooting Star and Inverted Hammer are two distinct candlestick patterns observed in technical analysis.
Was this helpful?
50
61
Martino
Fri Feb 14 2025
The long lower wick indicates that the price initially fell but found significant buying support, leading to a recovery higher by the end of the trading session.
Was this helpful?
74
26
TaekwondoMasterStrengthHonorGlory
Fri Feb 14 2025
The Shooting Star pattern is characterized by a long upper wick and a small real body at the bottom. This pattern typically emerges during an uptrend.
Was this helpful?
277
46
Load 5 more related questions
