falling wedge is a bullish chart pattern that signals a potential reversal or continuation of an uptrend. It forms when an asset's price makes lower highs and lower lows within converging downward-sloping trendlines, indicating diminishing selling pressure and a possible shift towards upward momentum.
Regarding TRUMP coin, recent price movements have been volatile. After peaking at $75.12, it has retracted to $71.86, marking a 250.28% increase in the last 24 hours.
This volatility may suggest the formation of a falling wedge pattern, indicating a potential bullish reversal. However, it's essential to analyze the coin's price chart to confirm this pattern.
Regarding TRUMP coin, recent price movements have been volatile. After peaking at $75.12, it has retracted to $71.86, marking a 250.28% increase in the last 24 hours.
This volatility may suggest the formation of a falling wedge pattern, indicating a potential bullish reversal. However, it's essential to analyze the coin's price chart to confirm this pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.