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

The Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M15 chart. Its lower boundary passes through 62974.62/63072.09, while its upper boundary passes through 63156.91/63072.09. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, #Bitcoin is expected to break the upper boundary and move toward 63072.32.

The Bullish Rectangle has formed on the #Bitcoin M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 63107.48 and its support is at 63040.45. A breakout above the resistance zone at 63107.48–63107.48 is likely to signal a continuation of the bullish trend.

The Triple Bottom pattern has formed on the chart of EURNZD D1. The lower boundary is at 1.9509, while the upper boundary is at 1.9851/1.9803. The projected width is 299 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.9851 is broken, the price is likely to continue upward.

The Triple Bottom pattern has formed on the USDCAD M5 chart. It has the following characteristics: resistance at 1.3891; support at 1.3886; pattern width of 5 points. If the confirmation resistance at 1.3892 is broken, the price is likely to continue upward by at least 4 points.

The Bearish Pennant pattern has formed on the EURCAD H1 chart. A break below the pennant low at 1.6035 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.