The rising wedge and ascending triangle patterns are essential tools that assist the traders in making informed decisions; they help predict the price fluctuations that are integral to any financial ...

Bitcoin (BTC) broke down from a short-term ascending wedge. Bitcoin trades below the $91,500 horizontal resistance area. Is Bitcoin's bounce over, and if so, how much further will the price drop?

Litecoin (LTC) trades below the $135 horizontal resistance area. The LTC price broke down from an ascending wedge pattern. Can Litecoin reach a bottom in September and begin to rally? Litecoin is ...

Gold’s rising wedge breakdown and loss of short-term momentum shift turns focus towards a potential retest of 50-day moving average support despite the broader bullish structure remaining intact. Gold ...

When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...

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 ...

At a glance, Bitcoin still looks bulletproof as it presses higher within a tidy uptrend and sits close to its highs. Look a little closer, however, and the character of the tape changes. The daily ...

The potential price decline would also mark ETH’s return to its ascending channel support. ETH/USD also tested its 50-day exponential moving average (50-day EMA; the velvet wave in the chart above) as ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of ...

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...