Current price action shows a W-X-Y pattern with support being tested near $2.10, indicating a pivotal moment for its next move. The breakout direction from the descending triangle will provide ...
It looks quite distinct from other triangle patterns like the symmetrical, descending and expanding ... Wait for a significant candlestick close above the resistance level to validate the pattern.
Bitcoin broke out from the descending triangle, retested it — and bounced straight to new all-time highs,” the analyst said in a Jan. 20 post on X. Jelle was referring to a triangle that has ...