This is just something that I must alarm people about especially those that are way too new in the market right now regarding the Ethereum price action. Please don't get jebaited by this candlestick, I swear to gosh I will frown at you for even considering buying here with the SP500 and NASDAQ so much red and no confirmation. If you don't want to short, that is absolutely fine to wait for confirmation which you should always do.
The rule of hanging man candle stick is that it reverses to the downside if the next day candle DOES NOT close higher than it and will most likely fail. This is especially stronger in a bear market, a trending market more specifically. Be warned and manage your risks!
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The rule of hanging man candle stick is that it reverses to the downside if the next day candle DOES NOT close higher than it and will most likely fail. This is especially stronger in a bear market, a trending market more specifically. Be warned and manage your risks!
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Be sure to boost, like, comment or share it with your friends. Bookmark it, save it, its yours -- for free!
Comment:
Candle closed forming a legit hanging man candle stick with the next candle opening at the neck area.
Trade active:
This has now confirmed itself as a bullish candle. Reversal is on its way!
Order cancelled:
This has now confirmed itself as a bearish candle due to the current daily candle closing below the high of the previous day.
Trade active:
Bearish candle. Short from 1,660$ x10 Leverage for ETH.