The rising wedge and ascending triangle patterns are essential tools that assist the traders in making informed decisions; they help predict the price fluctuations that are integral to any financial ...
When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
Chart taking on the shape of a triangle Trend implies upside breakout, but… Larger rising wedge is still very much in play For longer-term trading ideas, Q3 forecasts, and a library of educational ...
Bitcoin peaked at $106,554, forming a rising wedge pattern. Bearish RSI divergence suggests momentum is starting to weaken. Key support at $93,756 must hold to sustain the uptrend. Bitcoin has been on ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
The cryptocurrency market is no stranger to wild swings, and Alchemist AI (ALCH) is proving that volatility is alive and well. This token, tied to a no-code development platform, Alchemist AI, has ...
The wedge formation recently traced on the daily chart of the Russell 2000 Small Cap index is a classic of the genre – I mean, it’s right out of the textbook of chart patterns. It’s a rising wedge -- ...
A selloff in Ether (ETH) on Nov. 16 has increased the chances of its price falling below $4,000. ETH/USD also tested its 50-day exponential moving average (50-day EMA; the velvet wave in the chart ...