Hello everyone, hope you are all doing great. I welcome you all to my third homework task provided by @stream4u. Thanks to @steemitblog for this awesome initiative.

Q.What Is A Chart Pattern? Explain with Candlestick Charts.

Answer: A chart pattern is a graphical representation of the movement of prices in the cryptocurrency market in a certain direction that anyone can predict based on past movements, subsequent market movements, or directions. Chart patterns are the foundation of technical analysis. Usually, this movement can repeat itself over a period of time that can help a business make an informed decision about whether to sell or buy.

From the Chart or price pattern in the screenshot above, we can notice the movement of the candlesticks to show the price movement of steem/BTC for the last 15 minutes. The green candle means bullish that means buy and the red candle means bearish that means sell.

Q.What Is A Price Breakout? Explain with Candlestick Charts.

Answer: A breakout occurs when the price breaks out and closes above a resistance level or below a support level. When we have a support and resistance line together, they create a trading range so both lines keep the movement of the price within a certain range until the price makes a break either above or below.

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Q.What Is A Continuation Pattern? Explain with Candlestick Charts.

Answer: A continuation pattern continue the existing trend. A continuation pattern like the flag or triangle in an uptrend means the trend is likely to continue upwards after the breakout.

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Q.What Is A Reversal Pattern? Explain with Candlestick Charts.

Answer: When the market makes several breakouts but fails. The overall trend then reverses. This is called a reversal pattern.

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Q.What Is A Higher High Formation?

Answer: Higher high is one type of continuation patterns. As the uptrend is happening, costs from the past time that were viewed as highs are significantly higher than they were previously.

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Q.What Is A Lower Low Formation?

Answer: Lower low is opposite of higher high formation. At the point when the cost is following a downtrend, It structures various lows lower than the past low each time it moves downwards.

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Q.What Is A Double Top Pattern?

Answer: Double top is one type of reversal patterns. It often looks like the letter M. It occurs in the bearish condition. A double top pattern forms at the end of an uptrend. It forms when a resistance twice and then breaks below support.

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Q.What Is A Double Low Pattern?

Answer: Double Low is one type of reversal pattern but it is the opposite of double top. A double low pattern forms when the crypto chart support twice and then breaks above the resistance level. It often looks like the letter W.

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Q.In Investing & Trading What Is The Importance of Stop Level(STOPLOSS)?

Answer: A stop Loss is a set cost or level of a cost of a resource that when arrived voluntarily consequently closes your trade. At the point when you purchase crypto lower and plan to sell it higher to make a benefit, the Stop Loss is at first positioned underneath the price tag of the resource, so if the value drops down as opposed to up, the exchange is shut and your capital is returned shortly the distinction that was figured it out. As Cryptocurrency costs can be unstable, costs can fall significantly in minutes which doesn't offer a financial backer a chance to respond., This is the place where a pre-set Stop Loss can help secure your capital while you rest or approach your regular daily existence.

Q.Where To Find & How To Set A Stoploss?

Answer: To restrict your danger on an exchange, you need a leave plan. Also, when an exchange conflicts with you, a stop-misfortune request is a pivotal piece of that arrangement. A stop misfortune is a balancing request that leaves your exchange once a specific value level is reached. There is no standard specifying where a trader should submit his Stoploss request, it relies upon the trader's style as well as his pocket. While some decide to put it at a 10% risk others may put theirs at a 20% risk level. However, the position ought to follow the main, second, and third support levels.

Q.What Understood From This Course?

Answer: I had no clue on these topics before. But I have a clear concept now on what a chart pattern is, a price breakout, continuation is, reversal is, etc. All the credit goes to @stream4u. Thank you steemitcryptoacademy. Thank you @steemitblog.