Falling Wedge breakouts: FLR +17%
We’re seeing many altcoins consolidating in Falling Wedge and Channel Down patterns.
Some are already breaking out. When prices break out from these two patterns, they can move up quickly.
Here’s an example of a nice +17% profit on a trade setup from 3 days ago:
FLR: Falling Wedge Breakout
Traders should prepare for such bullish breakouts, set up alerts and use the altFINS mobile app to stay on top of trading opportunities.
Setting up price alerts is just a couple of clicks away: here’s how.
We teach trading Chart Pattern breakouts in our new Crypto Trading Course (10 lessons, 40 videos, 7 trade strategies, quizzes, notes, risk management, short selling, margin trading).
Our historical data shows that Channel Down breakouts have 73% success rate and Falling Wedge breakouts have 64% success rate.
Do not miss these potentially profitable opportunities!
You can find them on altFINS platform in three sections:
1) Chart Patterns (search for Channel Down and Falling Wedge pattern types)
2) Technical Analysis (search for Channel Down and Falling Wedge pattern types)
3) Signals Summary – under Patterns section.
Go Signals Summary
Technical Analysis (65 trade setups) – Channel Down and Falling Wedge
We have identified more assets trading in Channel Down and Falling Wedge patterns. These could result in a breakout soon.
Find them in our Technical Analysis section where we keep trade setups for 65 major altcoins. Trade setups include Take Profit and Stop Loss levels for risk management.
Don’t miss these potentially big gainers on breakouts!
These two chart pattern types are common trend reversal patterns. They often emerge in a downtrend, characterized by lower highs and lower lows.
But at some point, supply from sellers is absorbed by the buyers, the selling pressure is neutralized, and a steadily growing number of traders and investors find value at these lower levels.
Then, price finally breaks out, and it is often followed by rapid price movements (i.e. profits).
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