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

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 80616.18; the resistance level 80695.18; the width of the pattern 7900 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 7850 points.

The Bullish pennant pattern is formed on the #Bitcoin M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 80979.43, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #Bitcoin M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 80958.95.

The Bullish pennant signal – Trading instrument #Bitcoin M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 80935.68, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #Bitcoin M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 80909.18, with the prospect of the next move being a projection of the flagpole height.