Learn to recognize rising wedge patterns, indicative of market reversals, and explore trading methods to capitalize on this bearish chart signal effectively.
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Khadija Khartit is a strategy, investment, and funding expert, and an educator ...
Forex traders often use chart patterns to obtain strategic insights to help guide their currency trading activities. Among the array of available chart patterns used in technical analysis, the wedge ...
Amid a period of record-breaking highs, Bitcoin’s BTC/USD technical analysis indicates a possible downturn. A classic bearish configuration on the cryptocurrency’s price chart has caught the attention ...
tastylive explores technical chart patterns across major indices, examining wedge formations and trend line analysis on small caps reaching lifetime highs. Tim Knight examines quantum computing sector ...
A key price pattern has emerged on bitcoin’s BTC $108,033.92 price chart, hinting at a potential pullback ahead. The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less ...
Bitcoin peaked at $106,554, forming a rising wedge pattern. Bearish RSI divergence suggests momentum is starting to weaken. Key support at $93,756 must hold to sustain the uptrend. Bitcoin has been on ...
XRP’s short-term technicals show signs of upside exhaustion, with some patterns pointing to a drop under $2. XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94.
Bitcoin price rose for three consecutive days as traders waited for the upcoming FOMC decision. BTC was trading at $93,500, up sharply from last month’s ...