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

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 76692.13; the lower boundary 76552.49; the width of the pattern is 14220 points. Sell trades are better to be opened below the lower boundary 76552.49 with a possible movements towards the 76552.34 level.

The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 4510.43/4510.08; support level 4503.84/4503.72; the width is 659 points. In the event of a breakdown of the resistance level of 4510.43, the price is likely to continue an upward movement at least to 4504.52.

The Triple Bottom pattern has been formed on EURNZD D1. It has the following characteristics: resistance level 1.9851/1.9803; support level 1.9496/1.9509; the width is 355 points. In the event of a breakdown of the resistance level of 1.9851, the price is likely to continue an upward movement at least to 1.9592.

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 76584.45 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M5, #Bitcoin formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 76890.29 and support 76608.33. In case the resistance level 76890.29 - 76890.29 is broken, the instrument is likely to follow the bullish trend.