1) Descending pattern is a with descreasing amplitude of downward movement of the price.
It has been about 3 years from the ATH , the breakout will be awesome.
3) resistances from the previous highs were broken; I don’t use resistance trendline as the resistance in the price chart, of course cannot stay in overbought phase therefore it will go down eventually, but I use this to confirm the change of market trend.
consideration and warning)
1) Trading with descending pattern might give you false signal; which means that there is possibility that the price cannot make successful breakout. The previous high (08 Jul ’19) is good example.
This pattern is huge and had long accumulation time, so you’ll know when it makes breakout.
2) KMD / BTC has not shown the resistance broke; and KMD / BTC is much more dominant in Binance.
Therefore I want to confirm the breakout by watching the resistance( KMD / BTC )
Also in KMD / BTC has not entered to the positive zone(though it made golden cross). I want lines( /signal) to be positive.
Trade at your own risk.