The swing in MicroStrategy’s stock to a big loss from a big gain on Thursday produced a classic chart pattern that can act as a warning of further weakness. The software company and bitcoin play’s ...
Learning and recognizing patterns on price charts can help you make sense of wild crypto price fluctuations. Below are three common patterns to get you started. In technical analysis, chart patterns ...
Goverdhan Gajjala is a pattern day trader who takes quick positions on breakouts. He mainly trades small-cap stocks with low floats and high violability. One pattern he plays is what he calls a ...
From the cup-and-handle to double bottoms, John Rowland explains the chart patterns that deliver for technical analysis ...
The first pattern involves the weekly chart’s Moving Average Convergence Divergence (MACD) histogram, a momentum indicator used to identify trend changes and reversals. MACD crossovers above or below ...
The tumble in Tesla Inc.’s stock on Thursday has confirmed a bearish short-term “double-top” pattern, just like the one seven months ago that preceded the plunge at the end of 2022. A “double top” ...
Bitcoin could not hold on to the recovery attempts during the past week, signaling selling by the bears at higher levels. Although buyers failed to push the price above $100,000, they have not ceded ...
SUI broke above a bullish pattern, opening the gates for a potential rally to $3.89. Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select ...
Shiba Inu (CRYPTO: SHIB) was trading mostly flat during Wednesday’s 24-hour trading session, trailing Dogecoin (CRYPTO: DOGE), which was attempting to break higher. Both Shiba Inu-themed cryptos are ...
Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now the asset looks set to retest its all-time high. On the weekly chart, a ...