✴️ Everscale | Another Inverted Hammer Signal

19 Jan 2023

The inverted hammer (ihammer) candlestick pattern also came up on the Lisk (LSKUSDT) chart, it signals the bottom of a trend.

After the bottom is hit the trend changes which can lead to years of growth.

I am pointing it out because it is a solid signal and easy to spot.

To be valid it only needs to come out at support/low prices, at the bottom of a trend.

Notice the descending channel... That's the downtrend.
Then prices go flat and a hammer candlestick shows up with high volume.

The next candle/session we see prices moving above EMA10.
The RSI starts to raise... You can see the pattern.

Visit the Lisk trade idea so you can use it as comparison.

I hope you find this useful... Thanks for the support.

Namaste.