Category - Crypto Chart Patterns

Crypto Chart Patterns

altFINS’ automated crypto chart pattern recognition engine identifies 27 trading patterns across multiple time intervals (15 min, 1h, 4h, 1d), saving traders a ton of time, including: Ascending / Descending Triangle, Head and ShouldersInverse Head and Shoulders, Channel Up / Down, Falling / Rising Wedge, Double Bottom / Top, Rectangle, Support / Resistance

Price patterns appear when traders are buying and selling at certain levels, and therefore, price oscillates between these levels, creating chart patterns.  When price finally does break out of the price pattern, it can represent a significant change in sentiment.

Crypto chart patterns that emerge over a longer period of time generally are more reliable, with larger moves resulting once price breaks out of the pattern. Therefore, a pattern that develops on a daily chart is expected to result in a larger move than the same pattern observed on an intraday chart, such as a one-minute chart.

The system also clearly indicates the expected price path going forward, based on machine learning algorithms that crunched thousands of past situations.

altFINS also categorizes patterns as either Emerging or Complete.  Swing traders should find Emerging patterns very useful, while Trend traders should focus on Complete patterns (i.e. breakouts).