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

According to the chart of M30, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 78328.68 - 0.00 and support 77614.68 – 77614.68. In case the resistance level 77614.68 - 77614.68 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURNZD D1. Characteristics: the support level 1.9496; the resistance level 1.9851; the width of the pattern 355 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 342 points.

According to the chart of M15, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 78328.68 - 0.00 and support 77614.68 – 77614.68. In case the resistance level 77614.68 - 77614.68 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on EURUSD M15. 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 1.1623 is broken. The further movements will rely on the width of the current pattern 6 points.