Are there any specific cryptocurrencies that are known for frequently forming continuation wedges?

3 answers

• Dec 28, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that frequently form continuation wedges, some notable examples include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have shown a tendency to exhibit continuation wedge patterns in their price charts. However, it's important to note that continuation wedges can occur in various cryptocurrencies, so it's always recommended to analyze the specific chart patterns and market conditions before making any trading decisions.
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• Dec 28, 2021 · 3 years ago
  Oh yeah, there are definitely some cryptocurrencies that are known for forming continuation wedges quite often. Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are some of the popular ones that come to mind. These cryptocurrencies have a large market capitalization and a significant trading volume, which makes them more likely to exhibit continuation wedge patterns. But hey, don't forget to do your own research and analysis before jumping into any trades!
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• Dec 28, 2021 · 3 years ago
  Absolutely! One cryptocurrency exchange that I'm familiar with, BYDFi, has observed that Bitcoin (BTC) and Ethereum (ETH) tend to form continuation wedges quite frequently. These patterns can be seen across different timeframes, from shorter-term charts like 1-hour and 4-hour to longer-term charts like daily and weekly. However, it's important to remember that past performance is not indicative of future results, so it's always recommended to conduct thorough analysis and consider other factors before making any trading decisions.
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