Key Characteristics of a Bearish Flag: 1. Sharp downtrend before the flagpole – You can see a strong downward move leading into the pattern, forming the “flagpole”. 2. Consolidation in an upward-sloping channel – The price then moves upward within parallel trendlines, which is the “flag”. 3. Volume often decreases during the flag – While not shown in your...
🔍 Pattern Analysis: ✅ Possibly a Rising Wedge / Bearish Channel: • The price has moved up sharply and is consolidating in a narrowing, upward-sloping range, which is typical of a rising wedge—a bearish reversal pattern. • These wedges often break downward, especially if they form after a steep rise (which BTC has recently had). ✅ Breakout Zone: • BTC appears...
a symmetrical triangle in the BTC market suggests uncertainty about its future direction. This pattern occurs when the highs and lows of the price form converging trend lines, indicating that neither buyers nor sellers have taken control. Traders often see this as a potential continuation pattern, meaning the price could break out in either direction once the...
GMT USDT is experiencing a breakout from a right angle triangle pattern, a significant technical event in the cryptocurrency market. This pattern typically signals a period of consolidation followed by a breakout, with the breakout direction often indicating the future trend. In this case, the breakout suggests potential upward momentum for GMT USDT. Traders and...
DOTUSDT Bearish harmonic pattern is valid or not please guide me please
I am not a pro but i think this is a very clear head and shoulder what about you comment me