signal strength 2 of 5
The Double Bottom pattern has been formed on #Bitcoin M15. 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 84119.35 is broken. The further movements will rely on the width of the current pattern 51812 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4838/0.4848 whereas the upper border goes across 0.4859/0.4848
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According to the chart of M30, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4859 and support 0.4839
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The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 32.33; the lower boundary 32.05; the width of the pattern is 265 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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