Crypto Chart Patterns and Price Targets Explained

Chart patterns are a key component of technical analysis as they help traders determine future price direction and potential targets. They can be looked at across all time frames and can be applied to various trading strategies from swing trading to scalping. Chart patterns are an excellent tool for traders who are trying to identify continuation or reversals. Let’s take a look at some common crypto chart patterns.

Price Continuation Patterns

Continuation patterns are expected to continue the current price trend and are typically characterized by an impulse move and a consolidation period. Some of the most common continuation patterns ares flags, pennants, and wedges.