FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Bottom
The Double Bottom pattern has formed on the #Bitcoin M30 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 83849.97. The projected move is based on the pattern width of 94981 points.
Double Bottom
The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 83344.27, its resistance is at 83551.44, and its width is 20717 points. A break above resistance may confirm a trend reversal, with the first target projected 21543 points away.
Triple Bottom
The Triple Bottom pattern has formed on the #Bitcoin M5 chart. A break above the confirmation resistance at 83321.92 may signal a reversal from a downtrend to an uptrend.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #Bitcoin M5 chart. A break below the lower boundary at 82909.67 is likely to signal a continuation of the downtrend.
Bearish Rectangle
The Bearish Rectangle has formed on the #Bitcoin M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 83321.92 and its lower boundary is at 82909.67. A short position may be considered once the price closes below the lower boundary at 82909.67 of the Bearish Rectangle.
