What are the most common bearish patterns in the cryptocurrency market?

1 answers

• Moesgaard BallFeb 26, 2024 · a year ago
  Bearish patterns in the cryptocurrency market? You bet! One of the most common ones is the 'falling three methods' pattern, which occurs during a downtrend and consists of a long bearish candle followed by three small bullish candles. This pattern suggests that the downtrend is likely to continue. Another bearish pattern to watch out for is the 'shooting star', which is a single candlestick pattern with a long upper shadow and a small real body. It indicates a potential reversal from bullish to bearish. And let's not forget about the 'descending channel' pattern, where the price moves between two parallel downward sloping trendlines. This pattern often leads to a continuation of the downtrend. So, keep an eye out for these bearish patterns and adjust your trading strategy accordingly!
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