Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Exchange
understand crypto graphs

3 most common crypto chart patterns

Anyone can trade in crypto but understanding the market with technical charts and trading is different.

by Jagdish Kumar
November 28, 2022
in Exchange, Global
Reading Time: 4 mins read
2.9k
A A
0
Share on FacebookShare on Twitter

This helps users to understand the market better and make informed decisions which helps them to cut their losses and earn more profit, as compared to users who trade merely on guess work.

Though there are many chart patterns which you can follow to trade in crypto. But there are a few common chart patterns that are popular among traders.

You might also like

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

February 6, 2023
7.2k
Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

February 6, 2023
7.3k

Let’s check the top three most common chart patterns below.

Head & Shoulders

It is a unique chart pattern that signals a change in trend of the market from bullish to bearish. The pattern appears as a baseline with three peaks, the center peak being the highest and the outside two peaks (left shoulder & right shoulder) being relatively close in height.

The head and shoulders pattern appears when the price of a stock increases to its top and then drops back to where it started its uptrend. 

The price then increases above the previous high to create the head before falling back to the initial base. 

Finally, the crypto price experiences a second peak at a level close to the formation’s first peak before declining once more.

One of the most effective patterns for trend reversal is the head and shoulder formation.

It is one of the top designs that, to varied degrees, indicate the end of an upward trend.

Double bottom

A double bottom pattern is a well-known technical analysis charting structure that denotes a significant shift in trend and a change in momentum following a previous downward market trading movement. 

It represents a security or index dropping, rebounding, dropping again to the same or a comparable level, and then rebounding once again (that may become a new uptrend). 

The double bottom resembles the letter ‘W’ in shape. The low that was twice struck is now seen as a crucial support level. The upswing has fresh possibilities as long as those two lows hold.

A conservative interpretation of the pattern shows that the minimum-move price goal is equal to the separation between the intermediate high and the two lows in terms of profit targets.

When a price can’t appear to break a certain level, known as a ‘resistance level,’ the bottoms are formed. Some individuals search for double bottoms after a substantial slump because, in theory, they are thought to be patterns that signal a trend reversal.

Flag Pattern

A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flagpole).

The trend continuation pattern that enables users to trade while a trend is still in progress.

It happens when a significant trend of crypto asset price movement up or down abruptly ends.

The price then fluctuates roughly sideways within a constrained range, frequently moving slowly against the original trend. 

The design now has a sloping, rectangular form that resembles a flag thanks to two trend lines that mark the top and bottom of that range.

Once the price exits the flag and resumes its initial, strong trend, you have the opportunity to join that trend at a somewhat lower cost than before the flag appeared.

There are bullish and bearish iterations of the Flag, as with most patterns.

When a price that has been rapidly trending abruptly stops and gently retraces in a rectangle range, the Flag pattern is formed. 

Then it breaks through that range and keeps moving in the same direction, offering you the chance to enter the second half of a trend at a more advantageous price than it was before to the flag forming.

Tags: exchangeklever exchange
Previous Post

Klever Electronics launches its new hardware wallet online shop including Black Friday deal

Next Post

How to trade KFI in Klever Exchange 

Jagdish Kumar

Jagdish Kumar

Reporting & writing on crypto & blockchain for the past few years. A content eagle, journalist & writer with a passion to explore new technologies that can change human lives. Joined Klever to make Crypto simple. Follow me on Twitter @TokenBharat or email me at jagdish@klever.io

Related Stories

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

by Klever
February 6, 2023
0
7.2k

Please note that the following trading pairs will be delisted from Klever Exchange on February 10th, 2pm UTC: UNI/USDT MANA/USDT...

Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

by Warren Manuel
February 6, 2023
0
7.3k

The rise of blockchain technology and cryptocurrencies has been one of the most talked about trends in recent years, and...

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

by Maluh Bastos
February 3, 2023
0
7.3k

Klever K5 Wallet’s launch has been the buzz in the last few days. The new and improved Klever Wallet app...

Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

by Maluh Bastos
February 1, 2023
0
7.3k

The DeFi world is growing fast. Therefore, having a trustable and effective platform to navigate this universe can help users...

Next Post
How to trade KFI in Klever Exchange 

How to trade KFI in Klever Exchange 

How to buy crypto coins using the Klever Wallet, K5

How to buy crypto coins using the Klever Wallet, K5

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8336 shares
    Share 3334 Tweet 2084
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7021 shares
    Share 2808 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5914 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5358 shares
    Share 2143 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

Klever Exchange Notice: Delisting scheduled Feb 10, 2023 2PM UTC

February 6, 2023
Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

Blockchain and Cryptocurrency: Revolutionizing Rights Management and Ownership

February 6, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version