A desending triangle is a bearish chart pattern, it is created by drawing one trendline that connects a series of lower highs and a second trendline (that has historically proven to be a strong level) of support.
BREAKING DOWN Descending Triangle clearly shows that the demand for an asset is weakening, and when the price breaks below the lower support, it is a clear indication that downside momentum is likely to continue or become stronger.
The most common price targets are generally set to equal the entry price minus the vertical height between the two trendlines .
However, in this cracy cryptomarket general rules are not always taking into consideration.
Make your own research. I dont take responibility for any loss or gain based on my ideas,
In long tern I think this coin is a healthy one with an active team and a very noble mission for coin.
BREAKING DOWN Descending Triangle clearly shows that the demand for an asset is weakening, and when the price breaks below the lower support, it is a clear indication that downside momentum is likely to continue or become stronger.
The most common price targets are generally set to equal the entry price minus the vertical height between the two trendlines .
However, in this cracy cryptomarket general rules are not always taking into consideration.
Make your own research. I dont take responibility for any loss or gain based on my ideas,
In long tern I think this coin is a healthy one with an active team and a very noble mission for coin.