THECRYPTO.WATCH – The development of crypto trading is in line with the development of the technique. Ascending Triangle chart can be used by TCW Token holders to show a bullish prospect. Use this pattern for both entry and exit signals.
Getting to know Ascending Triangle Chart
Ascending Triangle chart is a chart pattern that is often used by traders in technical analysis. This trend line will form a price resistance level. Meanwhile, the downward trend will form an increase in the number of requests.
TCW Token holders need a minimum of two swing highs and swing lows to form this chart. The triangle formed in the pattern will have a tendency to sell or buy crypto assets. It depends on the highest price.
In addition, an increase in the trading volume of crypto assets will help confirm the breakout. Because, it can show interest when the price moves out of the pattern.
If you look at it in general, this pattern will provide a clear point to measure profit targets. Not only that, you can also specify a stop or loss level when trading crypto.
You need time to form this pattern and it will last more than 90 days. Of course, this will be an interesting thing if you apply.