Real-time pattern trading is the easiest way to find entry and exit prices if you can scan hundreds of cryptos within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
The Broadening Bottom pattern forms when a security price makes higher highs (2, 4) and lower lows (1, 3, 5) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. What distinguishes a Broadening Bottom from a Broadening Top is that the price of the security is declining prior to entering the pattern formation.
This type of formation happens when volatility is high or increasing, and when a security's price is moving with high volatility but or no direction. It potentially indicates growing investor nervousness and a little indecisiveness.
If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the Target Price by subtracting the pattern height from the breakout point. Pattern height is a difference between patterns highest high and its lowest low.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
TOMO.X - TomoChain cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 35% |
| TARGET (EXIT) PRICE | 1.817100 USD |
| BREAKOUT (ENTRY) PRICE | 1.295000 USD |
| DISTANCE TO TARGET PRICE | 56.10% |
| EMERGED ON | Feb 27, closing price |
| WITH CONFIDENCE LEVEL | 0% |
TOMO.X - TomoChain cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 35% |
| TARGET (EXIT) PRICE | 1.817100 USD |
| BREAKOUT (ENTRY) PRICE | 1.295000 USD |
| DISTANCE TO TARGET PRICE | 56.10% |
| EMERGED ON | Feb 27, closing price |
| WITH CONFIDENCE LEVEL | 0% |
CKB.X - Nervos Network cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 45% |
| TARGET (EXIT) PRICE | 0.004580 USD |
| BREAKOUT (ENTRY) PRICE | 0.003510 USD |
| DISTANCE TO TARGET PRICE | 72.12% |
| EMERGED ON | Sep 21, closing price |
| WITH CONFIDENCE LEVEL | 0% |
CKB.X - Nervos Network cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 39% |
| TARGET (EXIT) PRICE | 0.003990 USD |
| BREAKOUT (ENTRY) PRICE | 0.003150 USD |
| DISTANCE TO TARGET PRICE | 74.98% |
| EMERGED ON | Dec 23, closing price |
| WITH CONFIDENCE LEVEL | 0% |
IOST.X - IOST cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 70% |
| TARGET (EXIT) PRICE | 0.005150 USD |
| BREAKOUT (ENTRY) PRICE | 0.004270 USD |
| DISTANCE TO TARGET PRICE | 84.57% |
| EMERGED ON | Oct 20, closing price |
| WITH CONFIDENCE LEVEL | 0% |
