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Higher Low
Higher low pattern in crypto trading occurs when cryptocurrency’s price reaches a low point that is higher than the previous low point. This pattern indicates that buyers are willing to purchase their assets at a higher price, implying an increase in demand and the possibility of a bullish trend.
For traders looking to buy or hold their assets, this pattern can be a positive sign as it indicates that the cryptocurrency may be gaining strength and could continue to appreciate in value.
To illustrate, suppose a cryptocurrency was previously trading at $5,000 and then formed a higher low at $6,000; this would imply that the cryptocurrency has found support at the $6,000 level and could potentially continue to rise.