fbpx
Home descending triangle

descending triangle

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
As the Bitcoin consolidation continues, traders and analysts are scouring the charts again looking for the next direction. In the short term most are of mixed opinion but one analyst has predicted a big fall before any upward price momentum is resumed. Bitcoin Biding Its Time For more than two months now BTC has been…
Since the start of the year, Litecoin’s price has fallen by almost a third of its January open, tumbling massively and briefly trading around $45 in early February. The prolonged pullback has kept sentiment quiet, but Litecoin’s price is now back to stabilizing around $53. A recent technical analysis shared on X by crypto analyst…
Bitcoin price has for months now been locked inside what many crypto analysts believe to be a triangle pattern. However, they are torn as to the type of triangle the pattern is – descending or symmetrical. Crypto investors themselves who are also watching the pattern are also torn, not by the shape of the formation,…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A…
XRP, the cryptocurrency asset often referred to as Ripple, has been among the worst-performing crypto assets and altcoins of the last two years.However, according to one crypto analyst who has spotted what they believe is a classical bottom signature on XRP price charts, expects the asset’s woes to soon change and potentially triple in value…
Bitcoin markets are on fire once again, following a massive price spike last weekend on the heels of news Chinese President Xi Jinping spoke out in support of the blockchain technology Bitcoin is built on. The rally, which set a record for the third-largest 24-hour gain in the asset’s 11-year history, is now in jeopardy…
Bitcoin loves to trade inside triangles. The leading crypto asset by market cap just broke down from a multi-month triangle and spent most of 2018 trapped inside a descending triangle that ultimately broke down. However, all of this price action may be part of an even larger symmetrical triangle formation dating back as far as…
Bitcoin price is barely holding onto support at $30,000 and it could soon be lost for some time to come, if a pattern that has cut the cryptocurrency down to size confirms. The pattern itself has proven dangerous for Bitcoin in the past, and appears to be in the process of breaking down now. Here’s…
Este artículo también está disponible en español. Bitcoin’s recent rise above $100,000 has kept the market on edge as bullish momentum attempts to establish a new liquidity zone beyond this milestone. This push has introduced significant volatility over the past 24 hours, with Bitcoin fluctuating between $99,701 and $106,307 during this period. This intense volatility…