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Faibik
Dec 21, 2021 3:27 PM

Chart Patterns | Triangles & Channels Education

Bitcoin / U.S. dollarBitstamp

Description

Chart Patterns | Triangles & Channels


1- Ascending Triangle :-

An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.

2- Descending Triangle :-

In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.

3- Symmetrical Triangle :-

A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.

4- Parallel Channel :-

A Parallel Channel is a chart pattern formed when the price is bounded by parallel support and resistance levels.

5- Ascending Channel :-

An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels.

6- Descending Channel :-

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.




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Comments
yozr23361
this post must be in editor's pick! thanks for sharing
Faibik
@ali_1673 Thanks mate for Appreciation and Support
trvtrh
Does the ascending and descending channel, are similar to bullish and bearish flags? Cause they looks identical
subhan-sami
Great information, expecting details of each chart pattern in your future post. Really helpful information.
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