Ascending wedge crypto

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A wedge pattern displays a directional rally resonating between two converging trendlines. If the asset price breaches either trendline, the price action. The wedge is a simple chart pattern where the resistance and support trend lines begin to converge, almost as if compressing a spring. A wedge pattern indicates a reversal. The reversal is either bearish or bullish, depending on how the trend lines converge, what the trading volume is, and.

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calendar_month 08.03.2022

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calendar_month 11.03.2022

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account_circle Tojasar

calendar_month 13.03.2022

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A rising wedge pattern is ideal for short sellers who wish to bet against a token. Flag Definition A flag is a technical charting pattern that looks like a flag on a flagpole and suggests a continuation of the current trend. The effectiveness of the rising wedge pattern can vary depending on the timeframe used for analysis. As it is a bullish pattern, it is more reliable than the rising wedge pattern. Is a Wedge a Continuation or a Reversal Pattern?