2 BASIC CHART PATTERNS THAT ARE IMPORTANT FOR YOU TO KNOW 👇
I. BULLISH CONTINUATION
1. Ascending Triangle – Ascending Triangle. Price creates a horizontal peak and higher lows. When breaking the horizontal resistance = buy (Entry)
2. Bullish Wedge – Bullish Candle
Price moves within a converging channel upwards. When breaking upwards = buy, TP higher.
3. Bullish Flag – Bullish Flag
Price rises sharply, then consolidates in a downward-sloping parallel channel. When breaking upwards = buy, TP higher.
4. Bullish Symmetrical – Bullish Symmetrical Triangle
• Price moves within a symmetrical triangle, breaks upwards = buy
II. BEARISH CONTINUATION
1. Descending Triangle – Descending Triangle
• Price creates a horizontal bottom and lower highs. When breaking the bottom = sell
2. Bearish Wedge – Bearish Candle
• Price moves within a converging channel downwards, when breaking down = sell
3. Bearish Flag – Bearish Flag
• Price falls sharply, then consolidates in an upward-sloping parallel channel. When breaking down = sell
4. Bearish Symmetrical – Bearish Symmetrical Triangle
• Price moves within a symmetrical triangle, breaks down = sell
However, it is important to trade with small volume for experimentation. When you feel confident, gradually increase it! $XRP #Write2Earn
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GOOD LUCK !