I posted a Stellar Lumens chart a while back calling a ascending triangle but I tried to draw it before price found support so I got Rekt lol. Now comes the updated Version!(Check out my previous STR update for a laugh)
I recently posted a chart for EOS and the C&H pattern it is accumulating in. For this chart I will now talk about another very profitable Bullish continuation pattern I see form inside crypto regularly called an, "Ascending Triangle."
Ascending Triangles are a bullish accumulation/continuation pattern that happen before a strong bull move on the upside. In this ones case we just broke out of previous ATH and have now found support on top of the previous market cycle or previous ATH. Last summer I watched multiple coins accumulate in this pattern before prices exploded giving us traders a perfect, "Alt Season."
Once prices break out of the top resistance of the Ascending Triangle this pattern will be confirmed so be on the watch! Below, I will update with some examples of this patterns history inside cryptocurrency markets.