What are some examples of cryptocurrencies that have exhibited the ascending wedge pattern and experienced a bullish or bearish trend?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! One example of a cryptocurrency that has exhibited the ascending wedge pattern and experienced a bullish trend is Bitcoin. In 2017, Bitcoin formed an ascending wedge pattern and then went on to reach its all-time high price of nearly $20,000. Another example is Ethereum, which also formed an ascending wedge pattern and experienced a bullish trend, reaching its peak price of over $1,400 in early 2018.
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• Nov 24, 2021 · 3 years ago
  Absolutely! Ripple is another cryptocurrency that has shown the ascending wedge pattern and experienced a bullish trend. It formed the pattern in late 2017 and then saw a significant price increase, reaching its highest price of around $3.84 in early 2018. Litecoin is yet another example, as it formed the ascending wedge pattern and went through a bullish trend, reaching its peak price of over $370 in late 2017.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency, has also exhibited the ascending wedge pattern and experienced a bullish trend. It formed the pattern in 2020 and then saw a significant price increase, reaching its highest price of $10.50 in early 2021. This shows that BYDFi has the potential for bullish trends and can be a profitable investment option for traders.
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