In this case, the line of resistance is steeper than the support. Falling Wedges (Bullish) Falling Wedges (Bullish)Ī falling wedge occurs when the trend line is sandwiched between two downwardly sloping lines, getting narrower as the resistance line gets closer to the support line. This signifies that the asset has a high buying pressure, and buyers are most likely opting for a long position. The pattern completes itself when the trend breaks through the resistance, continuing the uptrend. It can be drawn onto the chart by (1) placing a horizontal line along the swing highs, which is the resistance, and then (2) drawing an ascending trend line along the swing lows, which is the support.Īscending triangles often have more than two identical peak highs which allow for the resistance line to be horizontal. Ascending Triangle (Bullish) Ascending Triangle (Bullish)Īn ascending triangle is a bullish pattern which signifies the continuation of an uptrend, hence “ascending” triangle. This cheat sheet will help you identify real-time candlestick patterns whenever you’re on Binance, or other crypto exchanges, so that you can time your entries better. These are some of the most common bullish chart patterns you will see in the market.

It should only serve as a frame of reference for you to feel how the market moves. However, it is important to note that they are NOT a guarantee that the market will move in that predicted direction. They tend to repeat themselves, and once you are able to recognize them, it becomes easier to strategize your entries and exits. An easy way to gauge market sentiment is by looking at chart patterns. Market sentiment is a critical indicator to predict price movements and make investment decisions. In many cases, it does not matter how you feel about it, it only matters how the market is going to feel about it.

This is known as market sentiment - bullish when prices are rising, bearish when prices are falling. Its price fluctuates because it is heavily influenced by supply and demand, and it reflects how the public feels about the asset. Crypto, as a new asset class, is volatile in nature.

Bullish falling wedge