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 Rectangle Bottom pattern forms when the price of a security is stuck in a range bound motion. Two horizontal lines (1, 3, 5) and (2, 4) form the pattern as the security bounces up and down between support and resistance levels. Depending on who gives up first buyers or sellers the price can breakout in either direction.
This pattern is commonly associated with directionless markets. Usually, the pattern performs better when there is a strong downtrend leading into the formation.
Trade Idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern height (which is the distance between the horizontal lines) to the breakout price.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
PSG.X - Paris Saint-Germain Fan Token cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 37% |
| TARGET (EXIT) PRICE | 33.976667 USD |
| BREAKOUT (ENTRY) PRICE | 33.411500 USD |
| DISTANCE TO TARGET PRICE | 5.33% |
| EMERGED ON | AAug 07, 07:35 PM (UTC) |
| WITH CONFIDENCE LEVEL | 57% |
IOTX.X - IoTeX cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 39% |
| TARGET (EXIT) PRICE | 0.025493 USD |
| BREAKOUT (ENTRY) PRICE | 0.024563 USD |
| DISTANCE TO TARGET PRICE | 6.41% |
| EMERGED ON | Aug 07, 06:00 PM (UTC) |
| WITH CONFIDENCE LEVEL | 41% |
STORJ.X - Storj cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 37% |
| TARGET (EXIT) PRICE | 1.202600 USD |
| BREAKOUT (ENTRY) PRICE | 1.169700 USD |
| DISTANCE TO TARGET PRICE | 4.13% |
| EMERGED ON | Aug 07, 01:00 PM (UTC) |
| WITH CONFIDENCE LEVEL | 48% |
TRB.X - Tellor cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 43% |
| TARGET (EXIT) PRICE | 49.811667 USD |
| BREAKOUT (ENTRY) PRICE | 47.980000 USD |
| DISTANCE TO TARGET PRICE | 3.11% |
| EMERGED ON | Aug 07, 01:00 PM (UTC) |
| WITH CONFIDENCE LEVEL | 47% |
ATOM.X1 - Cosmos cryptocurrency
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 31% |
| TARGET (EXIT) PRICE | 14.533000 USD |
| BREAKOUT (ENTRY) PRICE | 14.296000 USD |
| DISTANCE TO TARGET PRICE | 4.31% |
| EMERGED ON | Aug 07, 12:45 PM (UTC) |
| WITH CONFIDENCE LEVEL | 48% |
