Learn Chart Patterns

 Crypto chart patterns are formations on price charts that traders use to forecast future market movements. Here are some key patterns:

Head and Shoulders: -

This pattern signals a trend reversal. It features three peaks: a higher peak (head) between two lower peaks (shoulders).

Double Top and Double Bottom:-

 These patterns suggest a trend reversal. A double top appears after an uptrend and indicates a potential drop, while a double bottom appears after a downtrend and signals a possible rise.

Triangles: -

Triangles are consolidation patterns that come in three forms: ascending, descending, and symmetrical. They often precede a breakout in the direction of the prior trend.

Flags and Pennants: Both are continuation patterns following a strong price movement. Flags resemble rectangles slanting against the prevailing trend, while pennants are small, symmetrical triangles that form after a strong move.

Cup and Handle:-

This is a bullish continuation pattern. It looks like a cup, followed by a consolidation period (the handle), and then a breakout upwards.

Wedges:-

 Wedges can be rising or falling and typically signal potential trend reversals. Rising wedges are generally bearish, while falling wedges are typically bullish. atOptions = 

Each pattern has its own specifics and is often used alongside other technical analysis tools for better accuracy.

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