๐ŸŸก #CryptoCharts101
๐Ÿ“Š Chart Patterns Every Trader Should Know!

Understanding candlestick and chart patterns can help you spot trends, reversals, and breakouts early. Here's a quick guide๐Ÿ‘‡

๐Ÿ”น Trend Patterns
๐Ÿ”ธ Ascending Triangle: Signals a possible breakout upwards
๐Ÿ”ธ Descending Triangle: Suggests a potential breakdown
๐Ÿ”ธ Channel (Up/Down): Follow the trend within support/resistance

๐Ÿ”น Reversal Patterns
๐Ÿ”ธ Double Top: Bearish reversal โฌ‡๏ธ
๐Ÿ”ธ Double Bottom: Bullish reversal โฌ†๏ธ
๐Ÿ”ธ Head & Shoulders: Trend may reverse soon

๐Ÿ”น Breakout Patterns
๐Ÿ”ธ Bull Flag: Price may shoot up after a small pullback
๐Ÿ”ธ Cup & Handle: Bullish continuation pattern
๐Ÿ”ธ Wedge (Falling/Rising): Breakout can go either way โ€“ watch volume!

๐Ÿ“˜ Tip:
Use volume and RSI for confirmation. Patterns work best with strong confluence! (tradingview.com is recommended for charts analysis)

๐ŸŸฉ Which pattern do you use the most in your trading? Or which one confuses you the most?

Letโ€™s talk in the comments ๐Ÿ‘‡

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