๐ก #CryptoCharts101
๐ Chart Patterns Every Trader Should Know!
Understanding candlestick and chart patterns can help you spot trends, reversals, and breakouts early. Here's a quick guide๐
๐น Trend Patterns
๐ธ Ascending Triangle: Signals a possible breakout upwards
๐ธ Descending Triangle: Suggests a potential breakdown
๐ธ Channel (Up/Down): Follow the trend within support/resistance
๐น Reversal Patterns
๐ธ Double Top: Bearish reversal โฌ๏ธ
๐ธ Double Bottom: Bullish reversal โฌ๏ธ
๐ธ Head & Shoulders: Trend may reverse soon
๐น Breakout Patterns
๐ธ Bull Flag: Price may shoot up after a small pullback
๐ธ Cup & Handle: Bullish continuation pattern
๐ธ Wedge (Falling/Rising): Breakout can go either way โ watch volume!
๐ Tip:
Use volume and RSI for confirmation. Patterns work best with strong confluence! (tradingview.com is recommended for charts analysis)
๐ฉ Which pattern do you use the most in your trading? Or which one confuses you the most?
Letโs talk in the comments ๐
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