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.

The same candlesticks can be either bullish or bearish depending on the market trend at the time they appear on the chart. If the trend is downward, then we should expect it to end, and the candlestick in this case will be called a “Hammer.” If exactly the same candlestick appears during a period of rising prices, then it indicates a probable end to the bullish trend and is called a "Hanging man" (look at it; it is at the top of the chart and resembles a hanged man with dangling legs).

Working on BigBro.

I develop the network, the network develops me!

Thank you! I study by myself and share with you 😊

It's like a trader's encyclopedia for 2000 $DEGEN