XRPLong
Professional Diamond handed XRP bag holder
Updated
A descending broadening wedge pattern after an ascending triangle pattern does not have a clear bullish or bearish bias on its own.
The ascending triangle pattern is generally considered a bullish continuation pattern, indicating that the price is likely to continue its upward trend after a consolidation period. On the other hand, the descending broadening wedge pattern is a bearish reversal pattern, indicating that the price is likely to reverse its previous uptrend and start a downtrend.
However, the descending broadening wedge pattern can also be seen as a consolidation pattern, indicating that the price is oscillating within a wider range, and the direction of the breakout from the pattern is not certain(to the moon).
The ascending triangle pattern is generally considered a bullish continuation pattern, indicating that the price is likely to continue its upward trend after a consolidation period. On the other hand, the descending broadening wedge pattern is a bearish reversal pattern, indicating that the price is likely to reverse its previous uptrend and start a downtrend.
However, the descending broadening wedge pattern can also be seen as a consolidation pattern, indicating that the price is oscillating within a wider range, and the direction of the breakout from the pattern is not certain(to the moon).
Note
resistance up to .60+ rangeNote
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