Weekly Chart $TRUMP
quick information about the formation of a descending wedge, which, as is known, is a bullish reversal pattern. It is characterized by two downward sloping and converging trend lines, indicating that selling pressure is decreasing and volatility is falling. The upper resistance line connects lower peaks, while the lower support line connects lower troughs.
This pattern suggests exhaustion of sellers and a potential increase in buyer interest. A break above the upper resistance line, ideally accompanied by an increase in trading volume, would confirm the trend reversal. Reaching the value of 8.77, the cryptocurrency is approaching the vertex of the wedge, indicating an imminent price decision and the possibility of a significant upward movement.