Whether you're trading BTC, ETH, or the latest trending meme coins on Binance, recognizing candlestick patterns can give you a critical edge. These signals help identify potential market reversals, letting you enter or exit trades with confidence. Hereās your ultimate guide:
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š¢ Bullish Candlestick Patterns (Indicate Potential Uptrend Reversals)
1. Bullish Engulfing
A strong green candle fully engulfs the previous red one, showing aggressive buying pressure and a potential trend reversal upward.
2. Bullish Tweezers
Two candles with matching lows suggest firm support levelsāoften a sign that the downtrend is losing steam.
3. Morning Star
A three-candle setup: red ā small-bodied candle ā green. This pattern indicates a shift from bearish to bullish momentum.
4. Hammer
A single candle with a small body and a long lower wickābuyers have stepped in to reclaim control after heavy selling.
5. Inverted Hammer
Looks like a hammer flipped upside down. It appears after a downtrend and can signal a bullish reversal.
6. Three Inside Up
Starts with a red candle followed by two green candles, confirming the reversal and strengthening bullish sentiment.
7. Three White Soldiers
Three strong green candles in a row, each closing higher than the lastāclear confirmation of bullish dominance.
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š“ Bearish Candlestick Patterns (Indicate Potential Downtrend Reversals)
8. Bearish Engulfing
A large red candle completely engulfs a previous green oneāsignals strong selling pressure and a trend reversal.
9. Bearish Tweezers
Two candles with nearly identical highsāusually a sign of heavy resistance and potential reversal to the downside.
10. Evening Star
Opposite of the Morning Star: green ā small candle ā red. Indicates fading bullish momentum and an incoming downtrend.
11. Shooting Star
A small body with a long upper wick. Bulls tried to push higher but failed, allowing sellers to take control.
12. Three Black Crows
Three consecutive red candles with lower closesāstrong signal of sustained bearish momentum.
13. Three Inside Down
A green candle followed by two red ones that close lowerāconfirms the trend is flipping to bearish.
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āŖ Neutral/Indecision Patterns (Signals Market Uncertainty)
14. Spinning Tops
Small real bodies with long upper and lower wicks. Indicates a tug-of-war between buyers and sellers.
15. Doji
Opening and closing prices are nearly the sameāmarket is undecided. Often seen before major trend shifts.
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š Why These Patterns Matter on Binance
Understanding these candlestick patterns allows traders to read the market like a pro, identify high-probability setups, and avoid unnecessary losses. Whether you're a spot trader or using Binance Futures, pattern recognition is a must-have skill.
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