Ascending wedge vs. Ascending Triangle - One will save you $ one will take your $steemCreated with Sketch.

in #cryptocurrency7 years ago

I've been trading about 6 months, have done a lot of research and taken a few courses. I had this question after making a few bad trades... 'but I thought that was a rising wedge? why did it break out?' There is actually an ascending wedge AND an ascending triangle. One is bullish, one is bearish.

Ascending Wedge - Bearish - top and bottom lines are angled up (or down in a downtrend) asc wedge.gif

Ascending Triangle - Bullish - the bottom line is angled up but the top line is rather horizontal or tilted slightly downward
asc triangle.png

This one eluded me quite awhile. I thought they were 2 names of the same thing.

Here is a great article explaining the difference between the 2 in detail https://stockcharts.com/articles/decisionpoint/2015/04/whats-the-difference-between-an-ascending-wedge-and-an-ascending-triangle.html

Happy trading!

Comments, resteems & upvotes always appreciated! ")

Check out bitcoin and crypto shirts here! Christmas themed or regular! https://www.amazon.com/s/ref=w_bl_sl_s_ap_web_7141123011?ie=UTF8&node=7141123011&field-brandtextbin=EVA+Bitcoin+%26+Cryptocurrency+Shirts
A14Xt5-UAPL._CLa_2140,2000_A16u4H5CUBL.png_0,0,2140,2000+666.0,470.0,805.0,965.0._UL1500_.png 71fnU5phVOL._UL1500_.jpg 71phmEyei3L._UL1500_.jpg