What are the key indicators to look for when analyzing the 'M' pattern in cryptocurrency charts?

1 answers

• May 02, 2022 · 3 years ago
  When analyzing the 'M' pattern in cryptocurrency charts, it's crucial to consider the volume, price levels, and pattern duration. Volume can indicate the strength of the pattern, with higher volume suggesting a higher likelihood of a bearish reversal. Pay attention to the price levels at which the pattern forms, especially if it breaks below a significant support level after a prolonged uptrend. Lastly, the duration of the pattern can provide insights into its significance. Remember to use these indicators in conjunction with other technical analysis tools for a more comprehensive analysis.
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