Descending Triangle Formation: Educational Analysis for Careful Decision Making

We have an educational analysis with you again. Let's be careful not to make hasty decisions, friends! Descending triangle formation is observed on the chart. This formation usually indicates a downward trend and current indicators also give a signal in this direction. However, since the crypto market is highly volatile, breaking news can affect the direction of the market. Therefore, it is important to watch trend breakouts and determine the trading strategy accordingly.Short positions can be taken when there are closes below the support zone line.On the other hand, if the price closes above the descending trend line, a long position can be taken. The chart shows the target points where the price can go.

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