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

The Triple Bottom pattern has formed on the chart of the #Bitcoin M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 88428.61/88339.72.

The Triple Bottom pattern has been formed on #Bitcoin M5. It has the following characteristics: resistance level 116154.33/115987.88; support level 115100.14/114755.07; the width is 105419 points. In the event of a breakdown of the resistance level of 116154.33, the price is likely to continue an upward movement at least to 114998.00.

The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 116154.33 with the upper limit 116154.33/115498.43, the projection of the width is 105419 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 115100.14, the price is most likely to continue the upward movement.

On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 108196.50; the lower boundary 107810.44; the width of the pattern 38606 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 107810.20 level.

The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 108059.29 is broken, the downward movement will continue.