WebSep 26, 2024 · Depending upon the market condition and the position of the pattern in the chart, bullish and bearish breakouts happen. This is the chart of July 2016 Sensex. As we can see the market was in a strong uptrend. ... After a downtrend Megaphone pattern forms. The green line (1) indicates the length of the gap of the Resistance and support … WebDec 22, 2024 · A megaphone pattern, also known as a broadening top or a broadening formation, is a technical analysis chart pattern that appears on a price chart when an …
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WebMar 14, 2024 · Thus, along with the majority of major cryptocurrencies, the ETH price rallied significantly over the last four days. On March 11th, the Ethereum price rebounded from … WebMar 10, 2024 · Key Points: A short-term sideways in Ethereum coin is governed by a megaphone pattern Some bullish reversal sign at 0.5 Fibonacci support hints the Ethereum price may replenish bullish momentum The intraday trading volume in Ether is $15 billion, indicating a 128% gain. Source- Tradingview macchiapp
Megaphone Pattern - Warrior Trading
WebFeb 7, 2024 · A broadening wedge is a range where the price is holding between two trend lines that are moving apart. The pattern is also named a “megaphone” because of its shape. These chart patterns are similar to … WebSep 26, 2024 · A megaphone pattern is a pattern that consists of a minimum of two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not … WebApr 11, 2024 · Bitcoin has surged above $30,000 and is predicted to continue rising thanks to the bullish megaphone pattern. Whales are shifting massive amounts of Bitcoin to … macchiarola massimo