logo

FX.co ★ #Bitcoin M5: Bullish Rectangle

#Bitcoin M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the #Bitcoin M5 chart. This is a trend continuation pattern bounded by the lower boundary at 79502.61–79502.61 and the upper boundary at 80018.68–80018.68. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph