What Happens to Crypto Price Action After Falling Wedge Bitcoin Chart Pattern?
Falling Triangle Crypto Pattern
The descending triangle chart pattern in bitcoin trading is formed in a downward bitcoin trend & it displays that the down-ward direction of bitcoin price movement is going to continue.
Falling triangle cryptocurrency setup is a continuation chart pattern that signals the current downwards trading market trend is going to continue.
Falling triangle cryptocurrency pattern is also known as falling wedge bitcoin chart pattern.
Falling triangle chart pattern displays that there is a support area that the sellers keep pushing every time moving this support area lower, and once it breaks btcusd crypto price will continue to move downward.
A downside penetration of the lower line of the descending triangle chart pattern is a technical sell cryptocurrency signal for a market breaking down from a descending triangle, and it indicates selling will follow.
Crypto Price Breakout after Falling Triangle Pattern
The market formed a descending triangle cryptocurrency pattern during its downwards bitcoin trend which led to further selling and continuation of the crypto downward market trend.
The technical sell cryptocurrency signal is when bitcoin price breaks-out lower horizontal sloping line of the descending triangle pattern and selling resumes to push the btcusd trading market bitcoin price lower - continuation of the downwards trend.
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