FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of D1, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 67292.72 - 0.00 and support 57808.25 – 57808.25. In case the resistance level 57808.25 - 57808.25 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on #GOOG M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 375.89 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on SILVER D1. It has the following characteristics: resistance level 63.22/60.87; support level 55.59/56.53; the width is 7630 points. In the event of a breakdown of the resistance level of 63.22, the price is likely to continue an upward movement at least to 54.77.

The Double Top pattern has been formed on #Bitcoin H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 63938.86 is broken, the downward movement will continue.

According to the chart of D1, #Bitcoin formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 67292.72, the lower border is 57808.25. The signal means that a short position should be opened after fixing a price below the lower border 57808.25 of the Bearish Rectangle.