What are the morning star and evening star patterns in the context of cryptocurrency trading?

1 answers

• Dec 05, 2021 · 3 years ago
  Morning star and evening star patterns are widely recognized in the cryptocurrency trading community. When the morning star pattern appears, it suggests that the bears are losing control and the bulls are gaining momentum. This could be a signal for traders to consider buying or holding onto their positions. Conversely, when the evening star pattern appears, it indicates that the bulls are losing steam and the bears are taking over. This could be a sign for traders to consider selling or taking profits. Keep in mind that patterns alone should not be the sole basis for making trading decisions. It's important to consider other factors and use them in conjunction with these patterns for a more comprehensive analysis.
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