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Crypto Trading 101: Chart Analysis 加密货币交易101:交易图表分析

Reading chart and maximising profits 从阅读交易图表获得利润

Technical analysis (TA) allows different ways to analyze the financial markets using. Some traders will use indicators and oscillators, while others will base their analysis only on price action.

Candlestick charts allow traders to identify historical prices over time by studying the historical price action of a cryptocurrency and recurring patterns. Candlestick patterns can derive to a conclusion about the cryptocurrency, and traders use it to take advantage of that in cryptocurrency markets.

The most common examples of these patterns are referred to as classical chart patterns, the more reliable trading indicators known in the trading community. As technical patterns aren’t bound by any scientific principle or physical law, their effectiveness highly depends on the number of market participants implementing them.

Flags/Pennants

A flag is an area of consolidation that’s against the direction of the long-term trend and occurs after a sharp movement in price. The flag or pennant chart pattern is formed right after a bullish or bearish price movement followed by a period of consolidation. This is where price tends to stabilize before continuing in the original direction of the trend. The chart will look like a flag on a flagpole, where the pole is the impulse move, and the flag is the area of consolidation.

Flags may be used to identify the potential continuation of the trend. The volume accompanying the pattern is important. Ideally, the impulse move should happen on high volume, while the consolidation phase should have lower, decreasing volume. Pennants are basically a variant of flags where the area of consolidation has converging trend lines, like a triangle. The pennant is a neutral formation; the interpretation of it heavily depends on the context of the pattern.

Bull flag

The bull flag happens in an uptrend, follows a sharp upward movement, and it’s typically followed by continuation further to the upside.

Bear flag

The bear flag happens in a downtrend, follows a sharp downward movement, and it’s typically followed by continuation further to the downside.

Triangles

A triangle is a chart pattern characterized by a converging price range that’s typically followed by the continuation of the trend. The triangle signals a pause in the underlying trend but may indicate a reversal or continuation patterns.

Ascending triangle

An ascending triangle is a bullish formation that forms a breakout pattern when the price breaches the upper horizontal trendline with increasing volume. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers patiently increase bids. Eventually, buyers will rush into buying above the resistance price after losing patience, which triggers more buying as the uptrend resumes. The upper trendline, which was formerly a resistance level, now becomes support.

Descending triangle

The descending triangle is the exact opposite of the ascending triangle. It forms when there is a horizontal support area and a declining trend line drawn across a series of lower highs. In the same way as the ascending triangle, each time price bounces off the horizontal support, sellers step in at lower prices, creating lower highs. Typically, if the price breaks through the horizontal support area, it’s followed by a quick spike down with high volume, forming a bearish pattern.

Symmetrical triangle

The symmetrical triangle is illustrated by a falling upper trend line and a rising lower trend line, both happening at roughly an equal slope. As the price moves toward the peak, it will eventually breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices. The symmetrical triangle is considered to be a neutral pattern, neither a bullish nor a bearish pattern, as its interpretation heavily depends on the context, simply representing a period of consolidation.

Wedges

A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price over the course of 10 to 50 periods, indicating tightening price action. The trend lines show that the highs and lows are either rising or falling at a different rate.

It might mean that a reversal is impending, as the underlying trend is getting weaker. A wedge pattern may be accompanied by decreasing volume, also indicating that the trend might be losing momentum.

Rising wedge

This usually occurs when a cryptocurrency’s price has been rising gradually, but it can also occur in the midst of a downward trend as well. The rising wedge is a bearish reversal pattern. It suggests that as the price tightens up, the uptrend is getting weaker and may finally break through the lower trend line.

Falling wedge

When a cryptocurrency price has been on the decline, a wedge pattern can occur just as the trend makes its final downward move. The falling wedge is a bullish reversal pattern. It indicates that tension is building up as price drops and the trend lines are tightening. A falling wedge often leads to a breakout to the upside with an impulse move.

Double top and double bottom

Double tops and double bottoms are patterns that occur when the market moves in either an “M” or a “W” shape. Even if the relevant price points aren’t exactly the same but close to each other, it can still be considered as a Double top or Double bottom pattern.

Typically, the two low or high points should be accompanied by higher volume than the rest of the pattern.

Double top

Double top is a bearish reversal pattern where the price reaches a high two times and it’s unable to break higher on the second attempt. At the same time, the pullback between the two tops should be moderate. The pattern is confirmed once the price breaches the low of the pullback between the two tops.

Double bottom

The double bottom is a bullish reversal pattern where the price holds a low two times and eventually continues with a higher high. Similarly to the double top, the bounce between the two lows should be moderate. The pattern is confirmed once the price reaches a higher high than the top of the bounce between the two lows.

Head and shoulders

The head and shoulders is a bearish reversal pattern with a baseline and three peaks on the chart. The two lateral peaks should roughly be at the same price level (like Double Top), while the middle peak should be higher than the other two. The pattern is confirmed once the price breaches the baseline support.

Inverse head and shoulders

This is the opposite of the head and shoulders indicating a bullish reversal. An inverse head and shoulders are formed when the price falls to a lower low in a downtrend, then bounces and finds support at roughly the same level as the first low. The pattern is confirmed once the price breaches the neckline resistance and continues higher.

***Disclaimer: This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to risk.

**Photo Credits:
https://tradingstrategyguides.com/
https://www.dailyfx.com/
https://vostrafx.com/lesson/the-head-and-shoulders-pattern/

About Exonium

Exonium is a brand new world-class crypto exchange that places an emphasis on security and protection of users’ assets as well as high liquidity.

Exonium was founded to propel cryptocurrency into mass adoption. Merging the best of the exchange ecosystem and the principles of social network platforms, the exchange aims to put the power back in the hands of the community by empowering and enabling traders.

Be part of the future. Be in power. Be in a network of financial freedom.

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Quick guide:

技术分析(TA)允许使用不同的方法来分析金融市场。一些交易者将使用指标和摆动指标,而其他交易者将仅基于价格走势进行分析。

烛台图使交易者可以通过研究加密货币的历史价格行为和重复模式来确定一段时间内的历史价格。烛形模式可以得出有关加密货币的结论,交易者可以利用它来利用加密货币市场中的这种优势。

这些模式的最常见示例称为经典图表模式,这是交易社区中已知的更可靠的交易指标。由于技术模式不受任何科学原理或物理法则的约束,因此其有效性在很大程度上取决于实施这些技术的市场参与者的数量。

旗帜/三角旗形

旗帜是一个与长期趋势相反的整合区域,在价格急剧波动后出现。在出现看涨或看跌的价格移动后紧接着一段时间的整理,就形成了旗形或三角旗图型。这是价格趋于稳定,然后继续沿趋势的原始方向前进的地方。图表看起来像旗帜标志,其中旗杆是脉冲移动,而旗标是合并区域。

标记可用于识别趋势的潜在延续。模式伴随的音量很重要。理想情况下,冲量移动应该发生在巨大的交易量上,而合并阶段应该具有较小的,逐渐减小的交易量。三角旗基本上是标志的一种变体,其中合并区域具有会聚的趋势线,例如三角形。三角旗形是中立的;结果取决于模式。

牛市旗

多头信号发生在上升趋势中,跟随急剧的上升运动,通常随后会继续向上延伸。

熊市旗

空头信号出现在下降趋势中,跟随急剧的向下运动,通常随后会继续向下移动。

三角形

三角形是一种图表模式,其特征是价格范围趋于收敛,随后通常会延续趋势。三角形表示潜在趋势已暂停,但可能指示反转或延续模式。

上升三角形

上升三角形是牛市形态,当价格随交易量增加而突破上水平趋势线时,会形成突破形态。上趋势线必须是水平的,指示几乎相同的高点,形成阻力位。较低的趋势线呈对角线上升,表明较低的较高价位是因为买家耐心地提高了出价。最终,在失去耐心之后,买家将急于在阻力位上方买入,随着上升趋势的恢复,触发了更多的买盘。先前曾是阻力位的较高趋势线现在成为支撑。

下降三角形

下降三角形与上升三角形正好相反。它是在水平支撑区域和跨越一系列较低高点绘制的下降趋势线时形成的。以与上升三角形相同的方式,每当价格从水平支撑反弹时,卖方便以较低的价格介入,创造出较低的高点。通常,如果价格突破水平支撑区域,则随后会随着大量交易而迅速下跌,形成看跌格局。

对称三角形

对称的三角形由下降的上趋势线和上升的下趋势线表示,两者均以大致相等的斜率出现。当价格接近峰值时,它将最终突破较高趋势线进行突破并在价格上涨时上升,或者突破较低趋势线而形成下跌趋势并随价格下跌而下降。对称三角形被认为是中性形态,无论是看涨形态还是看跌形态,因为结果取决于模式,仅表示巩固期。

楔子形图表型态

楔形是通过在价格图表上收敛趋势线来标记的价格模式。绘制了两条趋势线以连接价格在10到50个周期内的各个高点和低点,表明价格走势趋紧。趋势线表明,高点或低点以不同的速率上升或下降。

这可能意味着随着潜在趋势变得越来越弱,即将发生逆转。楔形样式可能伴随着交易量的减少,也表明趋势可能正在失去动量。

上升楔形

这通常发生在加密货币的价格逐渐上涨时,但也可能发生在下降趋势中。上升楔形是看跌的反转形态。这表明随着价格上涨,上升趋势变得越来越弱,并最终可能跌破较低的趋势线。

下降楔形

当加密货币价格一直在下降时,就可能出现楔形,就像趋势最终下降一样。下降的楔形是看涨的反转形态。这表明,随着价格下跌和趋势线收紧,紧张局势正在加剧。楔形物下降通常导致冲动向上突破。

双顶或双底

双顶和双底是市场以“ M”或“ W”形移动时发生的形态。即使相关的价格点不完全相同但彼此接近,也可以将其视为双顶或双底形态。

通常,两个低点或高点应伴有比其余样式更高的交易量。

双顶

双顶是看跌的反转形态,价格达到两次高点,第二次尝试无法突破。同时,两个顶部之间的回调应适度。价格一旦突破两个高点之间的回落低点,就可以确认该格局。

双底

双底是看涨的逆转形态,价格保持两次低位,最终继续走高。与双顶相似,两个低点之间的反弹应该是适度的。一旦价格达到高于两个低点之间的反弹顶部的高点,便确认了该模式。

头肩形

头肩形是一个看跌的反转形态,在图表上有一个基线和三个峰值。两个横向峰值应大致处于相同的价格水平(如双顶),而中间峰值应高于其他两个峰值。价格一旦突破基线支撑即被确认。

头肩倒立形

这与头肩形相反,表明看涨反转。当价格在下降趋势中跌至较低的低点,然后反弹并在与第一个低点大致相同的水平找到支撑时,就会形成反向头肩。一旦价格突破颈线阻力并继续走高,就可以确认该格局。

***此内容不是财务建议,不应作为任何财务投资决策的基础,也不应被视为购买或出售任何商品或产品的建议。交易加密货币很复杂,并且有很高的赔钱风险。您应该仔细考虑交易加密货币是否适合您,并花点时间学习交易的工作方式并确定您准备冒多少风险。

关于嘉库

嘉库是一个全新的世界级加密货币交易所,重点关注用户资产的安全性和保护以及高流动性。

嘉库成立是为了推动加密货币被广泛采用。融合了交易所生态系统的最佳功能和社交网络平台的原理,该交易所旨在通过赋予交易员权力和能力,将权力重新交到社区手中。

成为未来的一部分。掌权。处于包容性和财务自由的网络中。

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