Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
Textbook ascending triangle pattern, should break upwards but keep a stop in place!
Not sure about this ascending triangle because the RSI is decreasing indicating weakness.