Did you know if you buy some coins in the bear market you won't lose anything? Crypto trading requires an understanding of many factors like blockchain, utility, and coins. Most importantly, understanding the basic cheat code is crucial to gaining insights.
Morning Star
This chart pattern was formed when three candles appeared. The first one is a large bearish candle, the other one is a red doji candle, and the third one is a green bullish candle, which closed higher than the first candle. Additionally, the green candle must be higher than the red candle. When this pattern appears, it means the market is turning from bearish to bullish.
Evening Star
This pattern is opposite to the morning star. It is a clear indication that the market is now turning bearish. The pattern was formed when three candles appeared. The first one is a large bullish candle, the second one is a doji green, and the third one is a large bearish candle. The last candle must be greater than the first candle.
Piercing line
This pattern indicates that the marker will soon enter an uptrend. However, this signal is not stronger than a bullish engulfing pattern. This pattern depends on two candles; the first one is a bearish candle, and the second is bullish. The second candle is 50% more than the first candle.
Bullish Abandoned Baby
This pattern is rarely seen, and it is an indication that the market movement is changing from the downtrend to the uptrend. This pattern is formed by one long bearish candle and one doji candle, which always has distance from the first and last and the large green candle. Because of the second candle rift, this pattern is labeled as an abandoned body.
Bearish Abandoned Baby
It is just opposite the bullish abandoned baby, and the indication of a downtrend will start in the market. This pattern consists of three candles: the first one is a large green one, the doji with distance, and the large red candle.
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