signal strength 1 of 5
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 81505.64/82241.48 and upper border is 82843.91/82241.48. The pattern width is measured on the chart at -133827 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 82241.33.
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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The Bullish pennant graphic pattern has formed on the #NTDOY M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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The Bullish pennant pattern is formed on the #NTDOY M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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The Bearish Flag pattern has been formed on the chart NZDUSD M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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