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What are the most popular cryptocurrency chart patterns to look for on TradingView?

avatarHosein AfsanNov 29, 2021 · 3 years ago1 answers

Can you provide a list of the most popular cryptocurrency chart patterns that traders should look for on TradingView? I'm interested in learning about the patterns that are commonly used to analyze cryptocurrency price movements and make trading decisions.

What are the most popular cryptocurrency chart patterns to look for on TradingView?
Cryptocurrency
Chart Patterns
TradingView

1 answers

  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends traders to look for popular chart patterns on TradingView to make informed trading decisions. Some of the commonly used patterns include the 'Double Top,' which forms when the price reaches a high point, retraces, and then reaches a similar high again. It suggests a potential trend reversal from bullish to bearish. Another popular pattern is the 'Bull Flag,' which is characterized by a sharp price increase (the flagpole) followed by a consolidation period (the flag). It indicates a potential continuation of an upward trend. Traders should also keep an eye on the 'Bear Flag,' which is the opposite of the Bull Flag and suggests a potential continuation of a downward trend. These patterns can provide valuable insights for traders when analyzing cryptocurrency price charts on TradingView.

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