Chart analysis is not only the use of technical indicators but also the identification of price patterns that can help in forecasting market movements. Let's consider three key patterns, the knowledge of which can be useful for every trader:

📊 The "Double Top" and "Double Bottom" models are indicators of a potential trend change. The "Double Top" may signal a weakening of buying pressure and a possible price decline, while the "Double Bottom" may indicate the formation of support and potential growth.

📊 The "Head and Shoulders" pattern is a classic figure that signals a trend reversal. If this model forms after an upward price movement, it may indicate the likelihood of a subsequent decline.

📊 The "Flag" and "Pennant" patterns are models that indicate a continuation of the trend. They reflect a temporary consolidation before the movement resumes in the direction of the main trend.

🔬 When trading based on chart patterns, it is important to consider trading volumes and additional confirming signals. Do you use price pattern analysis in your trading strategy? Share your experiences in the comments!

Remember that trading cryptocurrencies involves high risk. Gate provides tools for analysis, but the decisions on trades always remain with you. Be careful and trade responsibly.