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

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 107140.52; the lower boundary 106768.13; the width of the pattern is 38591 points. Sell trades are better to be opened below the lower boundary 106768.13 with a possible movements towards the 106768.00 level.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 106253.43/106928.98 whereas the upper border goes across 107645.53/106928.98. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 106929.10.

The Double Bottom pattern has been formed on AUDCHF M30. 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 0.5226 is broken. The further movements will rely on the width of the current pattern 16 points.

The Bullish Flag pattern has been formed on the chart #PEP H1 which signals that the upward trend will continue. Signals: а break of the peak at 131.27 may push the price higher, and the rise will be the projection of the pole.

The Bullish Flag pattern has been formed on the chart #PEP H1 which signals that the upward trend will continue. Signals: а break of the peak at 131.27 may push the price higher, and the rise will be the projection of the pole.