investprogresscrypto

investprogresscrypto

An ascending wedge is a bearish chart pattern that forms when prices are trending upwards but with a narrowing range, creating a wedge shape. The pattern indicates that buying pressure is decreasing and that a downward trend may be forthcoming. Traders typically look for a breakdown below the lower trendline of the wedge as a signal to sell or short the security.

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A descending wedge is a bearish chart pattern that is formed by a downward sloping trendline connecting a series of lower highs and a second, downward sloping trendline connecting a series of higher lows. This pattern is considered a bullish reversal pattern, as it typically forms during a downtrend and signals a potential reversal to an uptrend. Traders will...

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A "hidden bearish divergence" is a bearish signal that can appear on a technical chart and suggests that a downward price movement may be imminent. It is called "hidden" because it is not as obvious as a regular bearish divergence, and may be overlooked by traders who are not looking for it specifically. The basic idea behind a bearish divergence is that it...

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What is an Ascending Triangle? The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. However with this said we had a weekly and daily bullish div but haven't...

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The falling wedge can be seen on timeframes up to the 4hour. We would expect this to break to the downside. the white line on BTC and the RSI shows the original bearish divergence that shows us the reversal of the trend to now bearish; this has been bullish since we printed a bullish divergence on the daily on the 22nd of NOV. The yellow line on both BTC and the...