Sentences with phrase «above descending triangles»
With so many altcoin markets breaking above descending triangles and rallying to test the 0.236 % fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first altcoin season of 2018 is indeed kicking off.
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With the breakout above the downtrend line, the cryptocurrency has invalidated the bearish descending triangle pattern, which is a bullish sign.