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RJura
Aug 27, 2022 3:41 AM

Descending broadening wedge pattern 

Decentraland / U. S. DollarKraken

Description

Pretty new still so take it easy.

I see a broadening wedge pattern here and decending means likely reversal at least short term. Looking to see it hit 1.04.
Comments
RJura
how. it's descending making lower highs and lower lows while broadening. that's the decending broadening wedge. if it was a sideways channel or a pendant it would be bearish. this looks bullish reversal to me. I can't see a flag
RJura
@RJura it also has decreasing volume with each push down with larger waves down. it just created its third wave and rsi is oversold. it has all the signals of a decending broadening wedge reversal. just need the confirmation break out
masoudmemari311
Ber flag
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