Cryptocurrency Q&A
Which candle is best for bullish?
Which candle is best for bullish?
KDramaLegendary
Tue Dec 03 2024
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6 answers
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I'm looking for the best candle to use in a bullish market situation. I want to know which type of candle would be most effective for trading when the market is trending upwards.
6 answers
Raffaele
Thu Dec 05 2024
Another defining characteristic is the presence of a long lower shadow, which is at least twice the length of the real body. This shadow represents a significant period of price decline followed by a swift recovery, hinting at strong buying pressure.
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JejuSunshine
Thu Dec 05 2024
This pattern is often associated with bullish sentiment, indicating a potential shift in market direction.
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CryptoChieftain
Thu Dec 05 2024
Typically, the hammer emerges after a period of downtrend, suggesting that sellers may be losing momentum.
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Martino
Thu Dec 05 2024
The hammer candlestick features a distinctive appearance, with a small real body positioned at the upper end of the trading range.
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BusanBeautyBloomingStarShine
Thu Dec 05 2024
Notably, the upper wick of the hammer is minimal or absent, further emphasizing its unique shape.
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