Chart patterns
Ascending triangle
An ascending triangle is an often bullish pattern: a flat resistance tested repeatedly, with higher lows squeezing price upward.
An ascending triangle is an often bullish pattern: a flat resistance tested repeatedly, with higher lows squeezing price upward.
Price hits the same flat resistance several times, but each low is higher than the last. Buyers step in earlier each time: pressure builds under the resistance.
The signal confirms when price breaks above the resistance, often on volume. It is usually a continuation of the uptrend.
Price tests $30 three times, with lows at $26, $27, $28. A break above $30 triggers the pattern.
Understanding a term is good. Applying it on a real platform with a clear method is better. That is exactly what we do in 5 days.