#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. 📉⚠️🐻