I've noticed that many traders get confused with chart patterns, especially when it comes to triangles. So I decided to analyze them in more detail and share my observations.

A descending triangle is a classic bearish signal. You see horizontal support at the bottom and a line that gradually slopes downward from above? This indicates increasing selling pressure. When the price breaks below the support with good volume — that’s the moment to take a short position. The main thing is not to fall for false breakouts, especially on low volumes. It’s better to place your stop-loss above the last resistance.

The opposite situation is an ascending triangle. Horizontal resistance at the top, and support rising from below. Buyers are exerting increasing pressure. This pattern is often found in the middle of a bullish trend. When the price breaks above the horizontal resistance with volume — that’s a buy signal. Close your position either at target levels or when signs of a reversal appear.

The symmetrical triangle is more interesting — it’s a neutral figure. Both lines converge toward the center: resistance decreases, support increases. It can break either upward or downward. The key is to wait for a clear breakout and enter in the direction of the move. Decreasing volume before the breakout often indicates that something is about to happen. I avoid entering until the price clearly chooses a direction.

The expanding triangle is a completely different beast. The lines diverge, and volatility increases. This usually happens during a major conflict between buyers and sellers. Trading here requires more caution because movements can be sharp and unpredictable. I place my stop-loss further away than usual.

The general principles apply to all these patterns. First, volume confirms the signal — if the breakout occurs on increasing volume, it’s more reliable. Second, I look at the previous trend: an ascending triangle works better in an uptrend, a descending one in a downtrend. Third, I always use a stop-loss. It’s not optional.

When I see these patterns on crypto charts like SUI, BONK, or FLOKI — it helps me make more informed decisions. But remember, a triangle on a chart is just a tool, not a guarantee. The market can always surprise you. The main thing is discipline, proper risk management, and understanding how these patterns work in the context of the overall market situation.