ncrypt | web3 research

Hammer and Hanging Man are candles with long lower shadows and small bodies located at the top of the price range.

It doesn’t matter what color the candle is. Depending on which part of the graph this candle is located in, it can be a bullish or bearish signal.

3 signs of Hammer and Hanging Man:

1. The body of the candle is at the top of the price range. Body color is not important.

2. The lower shadow should be twice as long as the body.

3. The upper shadow should be absent or very short.