signal strength 1 of 5
The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 83117.65 is broken. The further movements will rely on the width of the current pattern 19331 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 80.26 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the NZDJPY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Bearish pennant pattern has formed on the NZDUSD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5563; the projection
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