Ascending triangle and descending triangle (trading patterns) by Newscrypto.io
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Newscrypto.io presents Ascending triangle and Descending triangle (trading patterns)
Visit: https://newscrypto.io/
Academy: https://newscrypto.io/school
Ascending Triangle trading pattern:
The ascending triangle is formed in an uptrend and indicates a continuation of the uptrend.
It is formed as a right-angled triangle with a resistance and a slope of higher lows.
The resistance does not allow the prices of the securities to move more upward.
The higher lows show that the buying pressure has increased.
This pattern clearly indicates that the market moves higher as the higher lows are formed heading toward the resistance line.
This indicates the strength of bulls and bulls are willing to pay more.
The breakout of the prices is confirmed when the prices break from the resistance level with volume and continue to move upwards.
There are certain factors that one should consider when trading with the Ascending Triangle Pattern:
-The prior trend should be an uptrend.
-There should be a horizontal line acting as a resistance level and prices should be making higher lows.
-The prices should continue to move up after the breakout from the resistance level.
Descending Triangle trading pattern:
The descending triangle is formed in the downtrend and indicates the continuation of the downtrend.
It is formed as a downward sloping triangle with support and a slope of lower highs.
The support does not allow the prices of the securities to move more downward.
The lower highs show that the selling pressure has increased.
This pattern clearly indicates that the market moving lower as the lower highs are formed heading toward the support line.
This indicates the strength of bears and they are willing to sell more.
The breakout of the prices is confirmed when the prices break from the support level with volume and continue to move down.
There are certain factors that one should consider when trading with the descending triangle pattern:
-The prior trend should be downtrend.
-There should be a horizontal line acting as a support level and prices should be making lower highs.
-The prices should continue to move down after the breakout from the support level.
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 #trading #bitcoin #cryptocurrency #trader #ascendingtriangle #descendingtriangle #ascending #descending #chartpatterns #tradingcharts
Visit: https://newscrypto.io/
Academy: https://newscrypto.io/school
Ascending Triangle trading pattern:
The ascending triangle is formed in an uptrend and indicates a continuation of the uptrend.
It is formed as a right-angled triangle with a resistance and a slope of higher lows.
The resistance does not allow the prices of the securities to move more upward.
The higher lows show that the buying pressure has increased.
This pattern clearly indicates that the market moves higher as the higher lows are formed heading toward the resistance line.
This indicates the strength of bulls and bulls are willing to pay more.
The breakout of the prices is confirmed when the prices break from the resistance level with volume and continue to move upwards.
There are certain factors that one should consider when trading with the Ascending Triangle Pattern:
-The prior trend should be an uptrend.
-There should be a horizontal line acting as a resistance level and prices should be making higher lows.
-The prices should continue to move up after the breakout from the resistance level.
Descending Triangle trading pattern:
The descending triangle is formed in the downtrend and indicates the continuation of the downtrend.
It is formed as a downward sloping triangle with support and a slope of lower highs.
The support does not allow the prices of the securities to move more downward.
The lower highs show that the selling pressure has increased.
This pattern clearly indicates that the market moving lower as the lower highs are formed heading toward the support line.
This indicates the strength of bears and they are willing to sell more.
The breakout of the prices is confirmed when the prices break from the support level with volume and continue to move down.
There are certain factors that one should consider when trading with the descending triangle pattern:
-The prior trend should be downtrend.
-There should be a horizontal line acting as a support level and prices should be making lower highs.
-The prices should continue to move down after the breakout from the support level.
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 #trading #bitcoin #cryptocurrency #trader #ascendingtriangle #descendingtriangle #ascending #descending #chartpatterns #tradingcharts