How does the falling wedge pattern affect cryptocurrency prices?

1 answers

• Apr 05, 2022 · 3 years ago
  At BYDFi, we've observed that the falling wedge pattern can have a positive impact on cryptocurrency prices. When this pattern forms, it often indicates a period of accumulation and decreasing selling pressure. As a result, it can lead to a breakout to the upside and a potential price increase. However, it's important to note that the falling wedge pattern is just one tool in a trader's toolbox. It should be used in conjunction with other technical analysis techniques and market research to make informed trading decisions. Remember, always do your own research and never invest more than you can afford to lose.
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