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Gabriel Trujillio / Getty Images A symmetrical triangle is formed by trend lines connecting a series of sequentially lower peaks and higher troughs. This pattern is considered a continuation ...
He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in technical analysis. Named for its resemblance to a series of triangles ...
The analysis sees traders leverage various indicators and study price patterns to try and understand price action to predict the direction price is likely to move. The Triangle chart pattern is a ...
Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...
XRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators.
That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level.
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