To The Moon

Source: Tiger Trade appThe Rising Wedge is a technical pattern composed of two trendlines: an ascending support line and an ascending resistance line. These two lines gradually converge to form a wedge shape.This pattern typically appears on price charts of stocks or other assets, indicating a potential bearish reversal signal.The characteristics of the Rising Wedge are as follows:Support Line: The support line is an ascending trendline connecting consecutive higher lows, suggesting a strengthening uptrend.Resistance Line: The resistance line is an ascending trendline connecting consecutive higher highs, indicating a gradual reduction in buying pressure.Gradual Convergence: The support and resistance lines gradually converge, forming a wedge shape, which indicates that the price may break