You know, I've been working with technical analysis for a long time and want to share my observations about triangle formations on charts. They are really powerful tools if you understand how to read them correctly.

I'll start with the descending triangle. This is a bearish pattern where there is horizontal support at the bottom, and the resistance line gradually slopes downward from above. It’s clear that sellers are exerting increasing pressure. When the price breaks through this support, it’s a signal to open shorts. The key is to wait for confirmation with volume, otherwise you might catch a false breakout. I always set my stop above the last resistance line.

With the ascending triangle, everything is the opposite — it’s a bullish pattern. Resistance is horizontal at the top, and support is rising from below. It usually appears in the middle of an upward trend. When the price breaks the upper resistance on increasing volume, I open a long. This is one of the most reliable triangle patterns I’ve encountered.

The symmetrical triangle is an interesting one. Both lines converge toward the center: resistance decreases, support increases. The pattern itself is neutral and can break either upward or downward. The main rule: don’t enter before a clear breakout. I wait until volume drops during the formation, then watch where the price goes. If upward — long, if downward — short.

And then there’s the expanding triangle — that’s a different story. Here, the lines diverge from each other, and volatility increases. This indicates instability, and such a triangle pattern usually appears in volatile markets or before important news. You need to be more cautious when entering, because the market can reverse sharply.

What I’ve noticed over the years of trading: volume is king. A breakout without volume is often false. Second — I always look at the previous trend. Ascending and descending triangles work best when they continue the existing trend. And third — I never forget about stop-loss. One bad move without protection can wipe out a month’s profit.

Right now, there’s an interesting situation with altcoins in the market. I’m watching $SUI, $BONK, $FLOKI — there are some interesting formations. If you understand these triangle patterns, you can catch good moves on such assets. The main thing is practice and discipline.