đ„ Most powerful candlestick patterns in crypto tradingđ„
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đ1. **Bullish Engulfing Pattern**đđ
: This occurs when a large bullish candle completely engulfs the previous bearish candle, indicating a potential reversal from bearish to bullish sentiment.
đš2. **Bearish Engulfing Pattern**đ : The opposite of the bullish engulfing pattern, where a large bearish candle completely engulfs the previous bullish candle, suggesting a potential reversal from bullish to bearish sentiment.
đš3. **Hammer**: đš A single candlestick pattern that forms at the bottom of a downtrend, indicating a potential reversal. It has a small body and a long lower shadow, suggesting that buyers are starting to step in.
đš4. **Shooting Star**: đ This pattern forms at the top of an uptrend, signaling a potential reversal. It has a small body and a long upper shadow, indicating that sellers are starting to push the price down.
đ„5. **Morning Star**:đ đ A bullish three-candlestick pattern that forms at the bottom of a downtrend. It consists of a long bearish candle, followed by a small-bodied candle with a lower low and a higher close, and finally, a long bullish candle, indicating a reversal to the upside.
đš6. **Evening Star**đ„: đ The opposite of the morning star pattern, this is a bearish three-candlestick pattern that forms at the top of an uptrend. It consists of a long bullish candle, followed by a small-bodied candle