BTC/USDT
2024-10-13

Chart pattern: Descending broadening wedge
Case 2: Formation of a descending broadening wedge after a peak
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+ In 79% of cases, the exit is bullish
+ In 23% of cases, a descending broadening wedge occurs in a consolidation movement
+ In 81% of cases, the pattern's price objective is achieved when the resistance line is broken
+ In 40% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line