📊 CHART PATTERNS – Detailed Explanation
🔼 Bullish Patterns (Signal: Price Going Up)
1. Ascending Triangle – Price keeps making higher lows and eventually breaks upward, showing strong buying pressure.
2. Cup & Handle – A “U” shaped pattern followed by a small dip (handle), then price breaks upward.
3. Falling Wedge – Price moves downward inside a narrowing wedge, then breaks upward strongly.
4. Double Bottom – Price touches the same support level twice and bounces upward.
5. Inverse Head & Shoulders – Looks like an upside-down head and shoulders. Breakout is upward.
6. Bullish Flag – Sharp price move up (flagpole), short consolidation (flag), then breakout upward.
7. Bullish Pennant – Similar to a flag but with a triangle shape, breaks upward.
🔽 Bearish Patterns (Signal: Price Going Down)
1. Descending Triangle – Price keeps making lower highs and eventually breaks downward, showing strong selling pressure.
2. Rising Wedge – Price moves upward inside a narrowing wedge, then breaks downward.
3. Double Top – Price hits the same resistance level twice, then falls down.
4. Head & Shoulders – A head with two shoulders shape, after the “neckline” breaks, price moves down.
5. Bearish Flag – Sharp price move down (flagpole), short consolidation upward, then breaks downward.
6. Bearish Pennant – Similar to a bearish flag but in a triangle shape, breaks downward.
🔄 Continuation Patterns (Signal: Trend Continues)
1. Symmetrical Triangle – Price squeezes inside a triangle, breakout usually follows the prior trend direction.
2. Rectangle – Price moves sideways in a range, eventually breaks in the direction of the trend.
3. Flag & Pennant – Small pause in price movement before continuing in the same direction.
These patterns work the same way in crypto, forex, stocks, indices – only the timeframe and volatility change.
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