If you are interested in buying some Dash and therefore enter to this market, I recommend you to wait for pattern´s breakout. This breakout must be accompained by an important increment at the breakout, otherwise it might be consider a "Whipsaw" or bad signal. I also want you to notice development, which has started showing signals of a movement.
Tip: Try to set up your BuyStop order in a point you think pattern has already consolidate, and it will move upwards.
TakeProfit 1: 0.08995000
TakeProfit 2: 0.09950000
Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)
Descending - How does it works?
In first place, you have to know that this kind of pattern most of the times has to be considered a . It belongs to the category "Continuation patterns", which means that once the pattern has consolidate and breakout has occured, price will return to its last trend. This pattern use to appear in tendencies, however, sometimes it also can appear in tendencies, which is exactly what we can see in the chart. Once the breakout has occured, we can expect a price movement equal to the height of the triangle. Another important thing you have to have in consideration, is that always has to decrease during the formation of this kind of patterns, but, when breakout occurs, it must heavily increase.
Are you interested in Technical Analysis?
I recommend you the John Murphy´s book: of Financial Markets. It is a great introductory book.
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We have broken down from the triangle, any update please?