HI EVERYONE!!!
im here again... as i watch the movement of ETHUSDT DAY TF... i notice that there is a forming of descending channel
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing
resistance and support levels. The descending channel pattern is also known as a
“ falling channel ” or “ channel down “.
The upper line is identified first, as running along the highs and is called the trendline.
im searching about the meaning and i found out that chart pattern will be going down.. ( i hope not )
btw its only my beginners idea and base it only in my knowledge.
if you have any comments and also ideas please do share here... it really motivate me to improve my learning in chart reading.
THANKS!!!!
im here again... as i watch the movement of ETHUSDT DAY TF... i notice that there is a forming of descending channel
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing
resistance and support levels. The descending channel pattern is also known as a
“ falling channel ” or “ channel down “.
The upper line is identified first, as running along the highs and is called the trendline.
im searching about the meaning and i found out that chart pattern will be going down.. ( i hope not )
btw its only my beginners idea and base it only in my knowledge.
if you have any comments and also ideas please do share here... it really motivate me to improve my learning in chart reading.
THANKS!!!!
