A cup and handle is a chart pattern made by an asset’s price indicative of a future uptrend. Learn how to trade this pattern to improve your odds of making profitable trades.
A Cup and Handle pattern on your crypto’s price chart resembles a cup with a handle, in which the cup depicts the shape of ‘U’ and the handle of the cup has a slightly downward trend. This pattern signals a bullish flag, with the right side of the chart pattern typically showing a...
Traders use the rounded tops chart pattern to identify long-term bearish reversal patterns. It signals the ending of a bullish trend and the start of a possible bear trend. This chart pattern resembles an inverted U. It occurs when, after a long-term bull run, the price consolidates for a...
also called a head and shoulders bottom. It is inverted with the head and shoulders bottoms used to predict reversals in downtrends. This pattern is identified when theprice actionof a security meets the following characteristics:
In Paul’s opinion, the inverted hammer is the most potent and reliable chart pattern analytics signal of a pending reversal move, and I’ll show you two examples shortly. Note that itlookspretty much like an inverted hammer, with the handle or “shadow” as it’s called above the head ...
Does Chart Pattern Trading Work? The answer is yes if you know how to read chart patterns correctly and how to use them to your advantage. When used properly, they can increase your winning rate and help you become a profitable trader in the long run. ...
Adescending triangleis an inverted version of the ascending triangle and is considered a breakdown pattern. The lower trendline should be horizontal, connecting near identical lows. The upper trendline declines diagonally toward the apex. Thebreakdownoccurs when the price collapses through the lower hori...
3.5 How to Read Bitcoin Price Charts and Crypto Market Graphs 3.6 Types of Bitcoin Charts for Crypto Analysts 3.6.1 Line Chart 3.6.2 Bar Chart 3.6.3 Candlestick Chart 3.6.4 Point and Figure Chart 3.7 Bitcoin Chart Patterns 3.7.1 Cup with Handle Pattern 3.7.2 Flags and Pennants 3.7.3 He...