-We have 3 touches at the bottom and 2 touches at the top of the triangle.
-Descending patterns are usually bearish signs, but there is a chance to interpret this patttern as a descending wedge, which is bullish.
- Volume is decreasing, which leads to explosive moves in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
-Keep this triangle in mind if you are in a long position.
-Also check my idea about XRP - Road to 100 USD below.
-Descending patterns are usually bearish signs, but there is a chance to interpret this patttern as a descending wedge, which is bullish.
- Volume is decreasing, which leads to explosive moves in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
-Keep this triangle in mind if you are in a long position.
-Also check my idea about XRP - Road to 100 USD below.
