What are the most popular cryptocurrency chart patterns to look for on TradingView?

1 answers

• Dec 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends traders to look for popular chart patterns on TradingView to make informed trading decisions. Some of the commonly used patterns include the 'Double Top,' which forms when the price reaches a high point, retraces, and then reaches a similar high again. It suggests a potential trend reversal from bullish to bearish. Another popular pattern is the 'Bull Flag,' which is characterized by a sharp price increase (the flagpole) followed by a consolidation period (the flag). It indicates a potential continuation of an upward trend. Traders should also keep an eye on the 'Bear Flag,' which is the opposite of the Bull Flag and suggests a potential continuation of a downward trend. These patterns can provide valuable insights for traders when analyzing cryptocurrency price charts on TradingView.
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