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

On the chart of the #Bitcoin M30 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 80564.68, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 37350 points.

The Triple Bottom pattern has formed on the chart of EURNZD D1. Features of the pattern: The lower line of the pattern has coordinates 1.9851 with the upper limit 1.9851/1.9803, the projection of the width is 355 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.9496, the price is most likely to continue the upward movement.

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.