Indicators and patterns
1/23/2025
Indicators and patterns
The Inverted Hammer is a bullish reversal candlestick pattern that occurs during a downtrend. It is characterized by a small body at the top of the price range with a long lower wick, resembling an upside-down hammer. This pattern suggests that sellers were initially in control but were overwhelmed by buyers by the end of the period, indicating a potential trend reversal.In this case, the Inverted Hammer was identified on the 15-minute chart of the BTC/USD pair at a price of 103181.12 on January 23, 2025, at 00:30 UTC. The bullish signal generated by this pattern suggests a buying opportunity, indicating a possible reversal of the downtrend in the short term. Traders may interpret this signal as a cue to enter a long position or to close out existing short positions.
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
