FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
On the chart of #Bitcoin H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 64967.61; the lower boundary 62533.19; the width of the pattern 243442 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 62532.79 level.
Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURNZD D1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.9851/1.9803.
Bearish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 63885.97 is likely to encourage a continuation of the downward trend.
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 64013.56 is broken. The further movements will rely on the width of the current pattern 11867 points.
Bearish Rectangle
According to the chart of M5, #Bitcoin formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 63883.57 – 63883.57 and upper border 64013.56 – 64013.56. In case the lower border is broken, the instrument is likely to follow the downward trend.
