Professional Diamond handed XRP bag holder
A descending broadening wedge pattern after an ascending triangle pattern does not have a clear bullish or bearish bias on its own.
The ascending triangle pattern is generally considered a bullish continuation pattern, indicating that the price is likely to continue its upward trend after a consolidation period. On the other hand, the descending broadening wedge pattern is a bearish reversal pattern, indicating that the price is likely to reverse its previous uptrend and start a downtrend.
However, the descending broadening wedge pattern can also be seen as a consolidation pattern, indicating that the price is oscillating within a wider range, and the direction of the breakout from the pattern is not certain(to the moon).
The ascending triangle pattern is generally considered a bullish continuation pattern, indicating that the price is likely to continue its upward trend after a consolidation period. On the other hand, the descending broadening wedge pattern is a bearish reversal pattern, indicating that the price is likely to reverse its previous uptrend and start a downtrend.
However, the descending broadening wedge pattern can also be seen as a consolidation pattern, indicating that the price is oscillating within a wider range, and the direction of the breakout from the pattern is not certain(to the moon).
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resistance up to .60+ rangeNot
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.