#CryptoCharts101 Pattern 1: Bullish Engulfing. A green candle completely encompasses the preceding red candle, indicating a significant bullish reversal with a historically observed success rate of approximately 68%. This pattern is particularly noteworthy when identified at key support levels. 📈✅👍
Pattern 2: Ascending Triangle. Characterized by a flat resistance line and rising lows, this pattern signifies accumulating upward pressure, resulting in a breakout in approximately 75% of instances. Confirmation is provided by a substantial increase in trading volume exceeding the previous peak. 📈✅👍
Pattern 3: Shooting Star. A long upper wick with a small real body positioned at the day's low represents a bearish reversal signal, exhibiting a historical success rate of approximately 60%. This pattern is most reliable following an uptrend of at least five candles. 📉⚠️🐻
Pattern 4: Head and Shoulders. This pattern consists of a left shoulder, a head, and a right shoulder formed at a resistance level. A decisive break below the neckline typically results in a price decline reaching the target price in approximately 70% of cases. The target price is calculated by measuring the distance between the head and the neckline. 📈📉💲
Technical Indicator: Exponential Moving Average (EMA) Crossover. A crossover of the 9-period EMA above the 21-period EMA signals the commencement of an uptrend, with an observed follow-through rate of approximately 80%. This indicator can be applied to any asset pair across various timeframes. ⬆️↗️🟢