FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 64041.85, its resistance is at 64140.56, and its width is 9871 points. A break above resistance may confirm a trend reversal, with the first target projected 10583 points away.

The Bearish Flag pattern has formed on the #Bitcoin M5 chart. Its lower boundary passes through 64235.63/64319.49, while its upper boundary passes through 64320.53/64404.39. The projected flagpole height is 19074 points. The formation indicates that the downtrend is likely to continue. A break below 64235.63 would confirm further downward movement.

The Bearish Pennant pattern has formed on the #Bitcoin M5 chart. A break below the pennant low at 64235.63 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M15 chart. Its lower boundary passes through 62974.62/63072.09, while its upper boundary passes through 63156.91/63072.09. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, #Bitcoin is expected to break the upper boundary and move toward 63072.32.

The Bullish Rectangle has formed on the #Bitcoin M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 63107.48 and its support is at 63040.45. A breakout above the resistance zone at 63107.48–63107.48 is likely to signal a continuation of the bullish trend.

The Bearish Pennant pattern has formed on the #Bitcoin M5 chart. A break below the pennant low at 63126.18 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 63261.35, its resistance is at 63459.85, and its width is 19850 points. A break above resistance may confirm a trend reversal, with the first target projected 19188 points away.

The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 63560.32, its resistance is at 63807.34, and its width is 24702 points. A break above resistance may confirm a trend reversal, with the first target projected 23945 points away.

The Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M15 chart, signaling a likely continuation of the trend. Its upper boundary passes through 65463.88/65164.36, while its lower boundary passes through 64747.28/65164.36. The pattern width is 71660 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 65164.36 could send the price toward 65164.59.

The Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 65256.85 and 65164.66, respectively. The pattern width is 9219 points. If the price breaks above the upper boundary at 65256.85, it is likely to move toward 65218.00.