๐ 3 Must-Know Chart Patterns for Crypto Traders
#CryptoTips #TechnicalAnalysiss #BinanceAcademy
Want to level up your trading game? Start by mastering these 3 essential chart patterns ๐
1๏ธโฃ Head and Shoulders (Reversal Pattern)
๐น Bearish signal after an uptrend
๐น Three peaks: middle one is the highest
๐น Breaks below the "neckline" = potential trend reversal
Used to spot market tops before a drop
2๏ธโฃ Cup and Handle (Continuation Pattern)
๐น Bullish setup
๐น Forms a โcupโ shape, followed by a small dip
๐น Breakout from the handle = price surge
Great for catching breakouts in consolidation zones
3๏ธโฃ Ascending Triangle (Bullish Pattern)
๐น Rising lows + flat resistance line
๐น Suggests buy pressure is building
๐น Break above resistance often triggers strong upside
Common before major breakouts in altcoins & BTC
๐ฏ Pro Tip: Patterns donโt guarantee results โ combine them with volume, RSI, and trend analysis for higher accuracy.