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.

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

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

A descending triangle is a bearish continuation pattern and one of three triangle patterns used in technical analysis.

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?