#chartpattern #ChartAnalysis #LearnCryptoTrading
Here are essential chart patterns to know:
Bullish Patterns:
1. Ascending Triangle: Potential breakout, buy signal.
2. Bullish Pennant: Continuation pattern, buy signal.
3. Inverse Head and Shoulders: Potential reversal, buy signal.
4. Cup and Handle: Potential breakout, buy signal.
Bearish Patterns:
1. Descending Triangle: Potential breakdown, sell signal.
2. Bearish Pennant: Continuation pattern, sell signal.
3. Head and Shoulders: Potential reversal, sell signal.
4. Double Top: Potential reversal, sell signal.
Neutral Patterns:
1. Symmetrical Triangle: Potential breakout or breakdown.
2. Wedges: Potential reversal or continuation.
These patterns can help identify potential trends, reversals, and breakouts. Combine them with other technical and fundamental analysis tools for better trading decisions.$WCT
