Indicators and patterns
1/31/2025
Indicators and patterns
An Inverted Hammer is a bullish candlestick pattern that occurs during a downtrend. It is formed when the price opens, trades lower, but then closes near the opening price, resembling an upside-down hammer. This pattern suggests a potential reversal in the current downtrend, indicating that buyers are starting to step in and push the price higher.In this case, the Inverted Hammer pattern was identified on the 15-minute chart of the BTC/USD pair at a price of 101590.59 on January 31, 2025, at 21:00 UTC. The bullish signal generated by this pattern suggests a buying opportunity, as it indicates a possible shift from a bearish to a bullish trend. Traders may interpret this signal as a sign to go long on BTC/USD, expecting the price to rise following the pattern's formation.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
