just my 2 satoshi's worth
Descending triangle
The descending triangle is the opposite of the ascending triangle in that it gives a bearish signal to chartists, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line and a downward-sloping resistance line.
Similar to the ascending triangle, this pattern is generally considered to be a continuation pattern, as it is preceded by a downward trendline. But again, it can be found in an uptrend.
Read more: Analyzing Chart Patterns: Triangles www.investopedia.com...y/charts/charts5.asp
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Descending triangle
The descending triangle is the opposite of the ascending triangle in that it gives a bearish signal to chartists, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line and a downward-sloping resistance line.
Similar to the ascending triangle, this pattern is generally considered to be a continuation pattern, as it is preceded by a downward trendline. But again, it can be found in an uptrend.
Read more: Analyzing Chart Patterns: Triangles www.investopedia.com...y/charts/charts5.asp
Follow us: Investopedia on Facebook
Comment:
who said TA doesnt apply to crypto currencies?
Comment:
pretty much spot on! well done me.