The descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend.

This therefore means that a bullish breakout from a descending triangle cannot be ruled out, and in fact a bullish resolution of the pattern (i.e. chart pattern failure) can result in very ...

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.

XRP has higher odds of breaking down: Research Descending triangles that follow uptrends result in bearish breakdowns around 54% of the time, according to chart pattern researcher Thomas Bulkowski.

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

Bitcoin price analysts suggest that a descending triangle pattern is forming like the one that broke down from $6K, but is this really the case?