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Ascendingtraingle

Ascending Triangle Pattern Tutorial: 3/8 Bullish PatternsAscending Triangle Pattern Tutorial: 3/8 Bullish Patterns An ascending triangle is a bullish continuation chart pattern that signals the potential for an upward breakout. Here's how it forms: Flat Upper Trendline: The upper trendline is flat, indicating a resistance level where the price consistently faces selling pressure and fails to move higher. Rising Lower Trendline: The lower trendline is ascending, showing higher lows as buyers step in at increasingly higher prices. Price Convergence: The price action gets squeezed between the two trendlines, leading to a tightening range. Breakout: Eventually, the price breaks above the resistance level, indicating a continuation of the upward trend. This breakout is typically accompanied by a surge in volume. Ascending triangles are popular among traders because they offer clear entry and exit points. The height of the triangle, measured from the base to the horizontal resistance, can be used to estimate the potential price target following the breakout. LIKE l FOLLOW l SHARE
NASDAQ:METAEducation
by RonnieV29
6
BTC - ASCENDING TRIANGLE IN PROGRESS - POTENTIAL GAIN 3474 !H1 : A potential breakout of the ascending triangle is in progress and should be confirmed. Likely to see some pullback towards the breakout level (around 40'000) Watch closely price action over the coming minutes and hours, as a breakout confirmation of this pattern would open the door for 43'434 (+ 3474) which would be the first step towards the next significant resistances levels I mentioned in my previous analysis published earlier today. A failure to hold above 40'000 would invalidate this pattern for the time being.
BITSTAMP:BTCUSD
by Ironman8848
2
REINET (RNI) DAILY TIMEFRAME LONG SETUPA potential long position can be taken on the Reinet Investments share (RNI) on the daily timeframe. Price is currently in an advancing stage (uptrend) and the buyers are willing to buy at higher prices as evidenced by the ascending triangle pattern, where we see some higher lows. Traders must be aware of potential retracements to the trendline, and therefore it is safer to enter a long position on the break to the upside of the ascending triangle. Remember, a trend is a trend is a trend!
JSE:RNILong
by munyaelliott
1
Major change in market for XEMAfter the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears. After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long downtrend resistance. Traders could look to take a long position now with the prices of XEM being slightly below the support of the ascending triangle. Indicating that it is oversold and prices are expected to make a major change as it goes long If you wish to donate, here are the addresses you could donate your coins to: Bitcoin Address 3AC7bbBQvKdVTY5B2JhvkgyxcfAymWRehV Ethereum Address 0x1Bc430e5c74541fb9b5aC833f8a38990E13228fe BitcoinCash Address bitcoincash:pq49556q9waej6gryt36eaxv7sx63eu39yr36hwm2w Litecoin Address MAbr3WfBCvVYz3FAkYA6ZtwEDLKqd2EANF Thanks for donating! It is great to see my work being supported by you guys!
XLong
by TrevorSoh
1