Newscrypto.io presents Symmetrical Triangle Trading Patterns, Visit: https://newscrypto.io/ Academy: https://newscrypto.io/school Symmetrical Triangle trading pattern (bearish): A bearish symmetrical triangle is bearish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line. The first line is a bearish trend line creating the resistance, also called the "resistance line of the bearish symmetrical triangle". The second line is a bullish trend line creating the support, also called the "support line of the bearish symmetrical triangle". For the symmetrical triangle to be called "bearish", the movement preceding the triangle’s formation must be bearish. A bearish symmetrical triangle is confirmed/valid if it has good oscillation between the two lines. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the bearish symmetrical triangle is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). The price objective for a bearish symmetrical triangle is determined by the height of the base of the triangle plotted at the breakout point (exit from the triangle). To achieve the price objective, another technique consists in drawing a parallel to the bearish symmetrical triangle’s resistance line from the first contact with the support line. Symmetrical Triangle trading pattern (bullish): A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line. The first line is a bearish trend line creating the resistance, also called the "resistance line of the bullish symmetrical triangle". The second line is a bullish trend line creating the support, also called the "support line of the bullish symmetrical triangle". For the symmetrical triangle to be called "bullish", the movement preceding the triangle’s formation must be bullish. A bullish symmetrical triangle is confirmed/valid if it has good oscillation between the two lines. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the bullish symmetrical triangle is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). The price objective for a bullish symmetrical triangle is determined by the height of the base of the triangle plotted at the breakout point (exit from the triangle). To achieve the price objective, another technique consists in drawing a parallel to the bullish symmetrical triangle’s support line from the first contact with the resistance line. Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite. It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders. FOLLOW: Telegram: https://t.me/NWC_PublicChat Twitter: https://twitter.com/NwcPublic Discord: https://discord.com/invite/b5v5k4ZwCv #crypto #trading #bitcoin #cryptocurrency #tradingpattern #trader #symmetricaltriangle #triangle #bullish #bearish #chartpatterns #tradingcharts

Newscrypto.io educational content series with Rich aka theSignalyst! Live event is occuring every Wednesday 5PM UTC! (Youtube, Telegram, Discord, ...) Part 5: Best Crypto Strategy 2023, FIL, NEAR, MKR, XMR, DOT, FLOW, SHIB, REEF, SOL Website: https://newscrypto.io/ Newscrypto platform is an already tested product used by the world’s top traders that serves as an all-in-one crypto suite. It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automatic charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders. FOLLOW: Telegram: https://t.me/NWC_PublicChat Twitter: https://twitter.com/NwcPublic Discord: https://discord.com/invite/b5v5k4ZwCv NWC at Kucoin: https://www.kucoin.com/trade/NWC-USDT #crypto #bitcoin #ethereum #technicalanalysis #cryptocurrency #btc #eth #sbf #cz #binance #solana #chiliz #xrp #algorand #blockchain #trader #trading #tradingpattern