LongðĒDescending Wedge, Ascending Triangle: Breakout & Potential
Neuro-Fuzzy AI sees breakout on Descending Wedge (white trendlines).
Descending Wedge is a bullish chart pattern.
Linear Regression (LR) forecasts bullrun until the top of the wedge (blue box).
Heuristic algorithms suggest price might be in an Ascending Triangle (blue trendlines).
Ascending Triangle also is a bullish pattern.
LR shows this pattern will break up.
Consolidation in an Ascending Triangle after a successful breakout from a Descending Wedge carries extreme potential because both patterns are bullish.
We think bulls are in absolute control and bullrun heats up soon.
Descending Wedge is a bullish chart pattern.
Linear Regression (LR) forecasts bullrun until the top of the wedge (blue box).
Heuristic algorithms suggest price might be in an Ascending Triangle (blue trendlines).
Ascending Triangle also is a bullish pattern.
LR shows this pattern will break up.
Consolidation in an Ascending Triangle after a successful breakout from a Descending Wedge carries extreme potential because both patterns are bullish.
We think bulls are in absolute control and bullrun heats up soon.
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