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AntonioTsvetanov

crypto currencies move in ascending or descending triangles

Long
Litecoin (BITFINEX:LTCUSD)  
AntonioTsvetanov  
BITFINEX:LTCUSD   Litecoin
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
During ascending or descending trend the crypto-currency pairs move in a descending or ascending trend forming triangles and the strongest movements are on the breakouts. On 26.03.2018 we have descending triangle and possible breakout on bullish trend. Before the ascending trend continuing during last days we had strong descending move on the crypto market following the G-20 meeting and negative announcements regarding Binance-one of the biggest crypto exchanges. During the bearish trend ETH/USD was forming triangle patterns and crossing support levels on the breakout of the pattern.
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