Looking for potential assets that have trading confluence that demonstrate market activity that shows "where the herd has been flocking" In other words the purple box shows the market psychology of where the trading action has been for a while. It just confirmed it broke to the upside out of the triangle starting a new path forward.
This tells me that the probability for this breaking through its last resistance barrier and making a new ATH is more likely to happen and shows a good low risk high reward HODL or trade set up!
*DISCLAIMER *This is not financial advise, only my own hypothesis and opinions