Sentences with phrase «of the triangle consolidation»
Bitcoin Price Key Highlights Bitcoin price recently broke out of its triangle consolidation pattern on the 1 - hour time frame to signal a direction.
http://dailybitcoinnews.com/
The following Ethereum price chart illustrates the significance of the triangle consolidation wave.
A breakout of the triangle consolidation patterns will point to the next direction of momentum.
Not exact matches
This type of triangle typically represents an area of consolidation before the sell line is breached and the trend continues.
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The higher March low formed what chart analysts would identify as an ascending triangle, a «consolidation» pattern that is typically interpreted as a pause in price action that implies a continuation of the trend that preceded the triangle — in this case, up.
If I see consolidation in the form of a triangle or rectangle, it is impossible to say for sure where the price will move: up or down.