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Inverted Hammer

XRP two inverted hammers signal bull runAfter watching this closely via 4hr and 1hr i decided to dive into 15m to read whats going on. I see a reversal pattern know as a declining triangle, and now i see two inverted bullish signal hammers. Ethereum has gone to $2500 now indicates alt coins are on the rise. Follow cryptopanic for updates on crypto news and more. XRP looks healthy for a run back up to $4 but it will take time and alot of hard work letting everyone know its a good time to buy. Please share and comment. If you request a chart analysis for any other coin just ask! Seems as thought the floor is at 1.26 the ceiling we shall see!!!! Went super saiyan on my position.
BINANCE:XRPUSDLong
by UnknownUnicorn19607214
Bullish Unusual Options Activity on VIPS $1M PremiumNYSE:VIPS $1M in premium traded for 34.50 strike calls for April 30th expiration traded yesterday. Unusual Activity for $34.50 calls about 10,000 contracts traded around 10:45am @ approx $0.60 On the chart the stock had a a lot of down trend and inverted hammer for close on Friday indicating bullish sentiment. The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears. Stochastics struggling a but to cross over but looks promising considering the unusual activity. Lot of time on these options I would recommend a vertical spread to keep theta at bay. Support 27.81 Resistance 30.05 Target 32.13, 34.54, 36.61 SL close below support. Follow more unusual activity signup for a free trail using my referral link marketaction.live Please let me know in the comment if you find this useful.
CAPITALCOM:VIPSLong
by marketaction_live
MULTI-TIMEFRAME ANALYSIS - GBPUSDGBPUSD recently broke out of its 1D descending parallel channel, which seems to be a bullish flag, it then re-tested the channel thrice with the last 1D candle closing as a bullish spinning top. 1D Analysis The Friday candle closed as a bullish spinning top after its retest of the 1D descending parallel channel, this could be a possible indication for a reversal to the sell trend prior to the bullish spinning top. A successful bullish spinning top might create a possibility where the pair heads to re-test the 1D disjoint channel resistance as it did prior to it starting the sell trend. This would however require the 1D candle to close above the support turned resistance of the disjoint channel as it closed on the support when retesting the descending parallel channel. 4H Analysis The pair closed its last 4H candle as a doji after testing the support zone it had trouble breaking below. This might be the indication that the pair is uncertain about breaking below the zone. The pair can be seen within another descending channel on the 4H timeframe. A break below the support zone could lead to a further sell-off on the pair, but for the 1D bullish spinning top to be valid it would need to break the zone of its last lower high. 1H Analysis The pair closed its last 1H candle as an inverted hammer which might be another indication to confirm the 1D bullish spinning top, but the previous candle closed as a bearish spinning top which indicates that the pair might drop. The possibilities are that the bearish spinning top might be to drop the pair towards the support zone where it might be able to gain some momentum before rallying all the way back up, or it might just break below the support zone and continue with its sell-off. Another possibility might be that the inverted hammer invalidates the bearish spinning top and the pair breaks the resistance zone then gaining momentum to carry on with a rally. Conclusion Monitor the pair on the 1H timeframe to see exactly what the pair does and how it coincides with the 4H and 1D in order to make an accurate trading decision. If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
by JJForexAcademy
2
GBPNZD 15M US SESSION SCALP SHORT TRADETradingstrategyguides EDUCATION GBPNZD 15M US SESSION SHORT SCALP 56 PIPS British Pound / New Zealand Dollar (FX:GBPNZD) Tradingstrategyguides Trend Analysis Chart Patterns Technical Indicators mpattern Inverted Hammer swinghigh pinhammer stophunt engulfment fibarclevels tradingstrategyguides 15m 1st Chart 7 AM EDT - Bearish Reversal M Pattern developed - Trade Bias Short 2nd Chart 6:45 am EDT - Inverted Bearish Green Body Hammer created swing high 7 am EDT - 2nd candle is a High Bull candle. High Bull candle is highest green candle body that closed. We are going to use the bearish wick low of the High Bull Candle as the level for the engulfment breakout to take place. 1st engulfment is the 7:15 am candle body engulfs the 7am candle. The breakout 2nd engulfment candle is the 7:45 am candle. 7:45 am EDT candle is a Pin Hammer candlestick . The bullish wick of this candle is a stop hunt into the high of the inverted Bullish Hammer . This is a stop hunt for those traders who entered a short trade from the inverted hammer entry bullish signal to hit their breakeven stop level. 7:45 am EDT - ENTRY - Short Stop Order made at High Bull candles low @1.9115 . Stop Loss above inverted hammer's high. Take Profit found using the Fib arc indicator adjusting levels every 100% up 600% level for Take Profit levels. Measured Move levels are calculated from a fib arc indicator
Education
by Tradingstrategyguides
3
Inverted hammer on 8 buy setup ICX about to go up?ICX looking to go bullish? Now on a 8 of a buy setup according to td sequential and at a Intersection. 8 candle looking like a inverted hammer will have to see how the day ends. Looking to enter a possible long trade depends on how many confirmations one would like. Personally i am waiting to see of we can get to a prefected 9 on buy setup. Hopefully volume will start to pick up! Looking at taking some profits at 4400 sats and 5500 sats and possibly hight. Will have to see how bitcoin behaves over the next 10 or so days.
Long
by AtomTanNZ