So, have you taken the time to really understand how an ascending triangle works? I see many people using this pattern but not fully grasping its potential.



Basically, the ascending triangle is a bullish formation that shows one very clear thing: the support of the trend is forming through successive highs. This means that buyers are gaining strength progressively. It’s like a signal that the price might be about to break upward.

Now, the important detail that many people get wrong: when you want to trade this pattern, not just any breakout is valid. You need to wait for a new breakout test to get real confirmation. This helps avoid falling for the famous false breakouts that ruin many traders’ accounts.

And there’s one more thing that works alongside the ascending triangle: imbalance candles. These candles are dominated either by sellers or buyers, creating a very visible gap between them and the previous candles. The cool part is that the price usually comes back to fill this zone afterward, seeking to maintain balance.

So, when you’re analyzing an ascending triangle pattern, also pay attention to these imbalance candles that appear during the process. They give extra context for your entry. Combining both gives you more confidence in the trade, you know?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin