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

According to the chart of M5, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 64216.45 - 0.00 and support 64151.02 – 64151.02. In case the resistance level 64151.02 - 64151.02 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, #Bitcoin formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 64301.17 and support 64128.84. In case the resistance level 64301.17 - 64301.17 is broken, the instrument is likely to follow the bullish trend.

On the chart of the #Bitcoin M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 63982.33, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 32900 points.

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.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 63953.84/64125.39 whereas the upper border goes across 64311.33/64125.39. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 64125.54.