#WOOUSDT Daily Overview: I usually don’t trade These type | Malik Israr Ahmad on Binance Square

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Malik Israr Ahmad

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#WOOUSDT Daily Overview:
I usually don’t trade These type of newly born coins.
But I m looking a Bear flag on daily in #WOOUSDT chart.
Bear flag is a bearish pattern indeed until it’s bullish breakout.
I have drawn raw overview of #WOO for wise.
NFA

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Malik Israr Ahmad

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I m not bearish further more at all. #BTC will make Reversal soon. NFA

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Keep shorting! Liquidity for shorters has been established partly. lil bit more dump is expected. NFA

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#BTC    4Ĥ Update: According to the technical analysis rules,#BTC    is very near to its bottom on 4H. A strong Reversal is Probable soon! On Charts I have observed a formation of bullish Divergence,which is a strong Reversal signature. #BTC    has formed lower low clearly. NFA

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🔥 WHAT IS HANGING MAN ???? The Hanging Man candlestick is a bearish reversal candlestick pattern that forms at the top of an uptrend or in a bullish market. It's a single candle that signals a potential reversal to the downside. Here are the key characteristics of a Hanging Man candle: 1. Forms at the top of an uptrend or in a bullish market. 2. Has a small real body (the area between the open and close prices). 3. Has a long upper shadow (the area between the high price and the real body). 4. The upper shadow is at least twice the length of the real body. 5. The color of the Hanging Man can be either green or red, but the bearish reversal implications are the same. The Hanging Man candle indicates that: 1. Buyers pushed prices higher, but sellers took control and pushed prices back down. 2. There's a strong supply of the asset at the current price level. 3. A potential reversal to the downside is likely. Traders often use the Hanging Man candle as a sell signal or a warning sign that the uptrend might be losing momentum. It's important to combine the Hanging Man with other technical indicators or chart patterns to confirm the reversal.

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🔥 WHAT IS HAMMER 🔨 CANDLESTICK ? A Hammer candle is a bullish reversal candlestick pattern that forms at the bottom of a downtrend or in a bearish market. It's a single candle that signals a potential reversal to the upside. Here are the key characteristics of a Hammer candle: 1. Forms at the bottom of a downtrend or in a bearish market. 2. Has a small real body (the area between the open and close prices). 3. Has a long lower shadow (the area between the low price and the real body). 4. The lower shadow is at least twice the length of the real body. 5. The color of the Hammer can be either green or red, but the bullish reversal implications are the same. The Hammer candle indicates that: 1. Sellers pushed prices lower, but buyers took control and pushed prices back up. 2. There's a strong demand for the asset at the current price level. 3. A potential reversal to the upside is likely. Traders often use the Hammer candle as a buy signal, especially when combined with other technical indicators or chart patterns.

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