Seems like it’s quiet before a storm in crypto markets. There are lot of crypto breakouts. 

altcoins are consolidating in Falling Wedge and Channel Down patterns and prices are nearing their breakout point! Keep an eye on trade setups for assets that could generate nice 20-50% gains.

When prices break out from these two patterns, they can move up quickly.

TIP: best way to stay on top of breakout trades is to join our VIP members group.

Crypto Breakouts – FLOKI: Falling Wedge

Source: altFINS

FLOKI trade setup: Price is trading in a Downtrend, however, it’s trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout, ideally above $0.00013 resistance, with +30% upside potential to $0.00017 thereafter.

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 chart pattern 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. Check all stats here.

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.

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 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).