Falling and rising wedge trading patterns
- last year
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One of our main focuses is providing a step-by-step guide for everyone that is new to cryptocurrency and would like to expand their knowledge and understand every aspect of it. Because the crypto space is evolving at such a rapid pace, there is a lot of confusion and misinformation around it.
If you would like to expand your knowledge, visit our Academy:
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Falling Wedge trading pattern:
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.
Rising Wedge trading pattern:
This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakout of the lower trend line. Traders can make bearish trades after the breakout by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit on the potential that prices will fall.
Website: https://newscrypto.io/
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
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#crypto #bitcoin #ethereum #technicalanalysis #cryptocurrency #btc #eth
One of our main focuses is providing a step-by-step guide for everyone that is new to cryptocurrency and would like to expand their knowledge and understand every aspect of it. Because the crypto space is evolving at such a rapid pace, there is a lot of confusion and misinformation around it.
If you would like to expand your knowledge, visit our Academy:
https://newscrypto.io/school
Falling Wedge trading pattern:
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.
Rising Wedge trading pattern:
This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakout of the lower trend line. Traders can make bearish trades after the breakout by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit on the potential that prices will fall.
Website: https://newscrypto.io/
Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite.
It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
FOLLOW:
Telegram: https://t.me/NWC_PublicChat
Twitter: https://twitter.com/NwcPublic
Discord: https://discord.com/invite/b5v5k4ZwCv
#crypto #bitcoin #ethereum #technicalanalysis #cryptocurrency #btc #eth