📊 CANDLESTICK OF THE DAY: 1/16 HAMMER

If you want to know confirmed sign of bearish and bullish trend to come next in any crypto trading chart then this is one of the best candlesticks you should learn.

This type of candlestick consists of a short body with a much longer lower shadow.

It is also called a hammer pattern because it resembles the shape of an upright hammer. As a rule, you will find the hammer at the bottom of a downtrend.

This pattern indicates that bulls have resisted the selling pressure during a given period, and have pushed the price back up.

While there may be hammer patterns with either green or red candles, the former points to a stronger uptrend than red hammers.

Would you like to have 15 more?