What are some key indicators to watch for when identifying an ascending broadening wedge pattern in the cryptocurrency market?

1 answers

• May 01, 2022 · 3 years ago
  As an expert in the cryptocurrency market, I can tell you that identifying an ascending broadening wedge pattern requires a combination of technical analysis and market observation. Look for higher highs and lower lows, forming a wedge shape. Analyze the volume, which should decrease as the pattern develops. Keep an eye on the breakout of the lower trendline, as it can signal a potential reversal. Consider the duration of the pattern and other technical indicators. Remember, it's important to have a comprehensive understanding of the market and use multiple indicators for confirmation.
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