Ascending Triangle
An ascending triangle is a bullish chart pattern formed when price makes higher lows while hitting the same resistance level repeatedly. It looks like a right triangle with a flat top and rising bottom.
Understanding the Concept
This pattern tells you buyers are getting more aggressive. Each dip gets bought faster, pushing lows higher while sellers defend the same resistance. Eventually, buyers overwhelm sellers and price breaks out upward. It's one of the most reliable continuation patterns in trading. The measured move target equals the height of the triangle added to the breakout point. Volume typically decreases during formation and spikes on breakout—that's your confirmation the move is real.
Real-World Example
Bitcoin consolidates between $40,000 resistance and rising support at $35,000, $36,500, $37,800. When BTC finally breaks above $40,000 with high volume, traders target $45,000 (the triangle's height added to breakout).
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