If you want to know whether a coin will soar or dip, look no further than candlestick charts! These visual guides help us spot trend reversals and potential market moves. Here’s a breakdown of the 7 key candlestick patterns every trader needs to know:

1) Abandoned Baby Candle 🍼

This powerful reversal pattern can signal the end of a trend. In a downtrend, it shows that sellers are losing steam, and the bulls are ready to take charge. In an uptrend, it means the buyers are fading, and sellers are stepping in.

2) Three Inside Up 🔼

This three-candle pattern signals a reversal from negative to positive. It shows that the market is shifting from bearish to bullish, giving traders the green light to expect price growth.

3) Morning Doji Star 🌅✨

A bullish pattern similar to the Morning Star, but with a Doji candle in the middle. This indicates indecision in the market, followed by a bullish push, signaling the perfect moment for a potential price rise.

4) Breakaway Candle 🚪

On the fifth day, a breakaway pattern reveals the birth of a new trend. Whether bullish or bearish, it tells traders the old trend is over—brace for a fresh direction!

5) Doji Star ⭐

Doji means "the same thing" in Japanese because the open and close prices are identical. It signals market indecision—a heads-up that traders need to stay alert as prices could swing either way.

6) Dragonfly Doji 🦋

This dragonfly pattern shows a potential reversal, depending on past price action. Whether it points to an upward or downward shift, it’s a key signal for spotting turning points in the market.

7) Ladder Bottom 🪜⬆️

A five-candle reversal pattern signaling a rise is coming after a decline. The ladder bottom starts with lower closes and ends with a sharp upward movement—a perfect sign of a market shift to the upside!

Conclusion:
By mastering these 7 candlestick patterns, you’ll gain the power to perform technical analysis on any coin! Whether you’re spotting reversals, trends, or market indecision, these patterns are essential tools for predicting the next big move.

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