The descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend.

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.

A descending triangle is a bearish chart pattern that can be seen in any time frame but is most effective in a longer-term time frame or smaller time frame, like the daily or weekly charts.

Continuing with the classic chart patterns, we will be discussing Triangles. There are three types of triangles - Ascending, Descending and Symmetrical Triangle. An Ascending Triangle is a bullish ...

Currently, XRP consolidates within a descending triangle, hinting at potential continuation or reversal, depending on the breakout direction.

Bitcoin price analysts suggest that a descending triangle pattern is forming like the one that broke down from $6K, but is this really the case?