42
Understanding the Ascending Triangle on $CSPR
Looking at $CSPR's recent action, specifically between the 6.605 low and the 6.785 high, we're seeing the makings of an ascending triangle. This pattern, generally considered bullish, features a flat resistance level (here, around 6.78) and a rising trendline connecting higher lows. The expectation is a breakout above resistance once enough buying pressure accumulates, but remember, false breakouts are the market's way of keeping us humble.
0 comments · 42 points