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ascending and descending triangle pattern pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is the ascending triangle?

The ascending triangle is a bullish continuation pattern that appears during an uptrend and indicates that trend is likely to continue. It is one of the most commonly used charting patterns and occurs frequently on price charts.

What is a descending triangle pattern?

The descending triangle is recognized primarily in downtrends and is often thought of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle pattern.

What is a descending triangle chart?

As you probably guessed, descending triangles are the exact opposite of ascending triangles (we knew you were smart!). In descending triangle chart patterns, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.

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