Understanding the Ascending Triangle: A Quick Look

The ascending triangle is a fairly common bullish continuation pattern, typically forming during an uptrend. You'll spot it with a flat resistance level at the top and a rising trendline connecting higher lows at the bottom. Essentially, buyers are getting more aggressive, pushing the price up against a clear ceiling until eventually, they manage to break through. A good example might be watching $WETH's recent moves – while not a perfect setup, that persistent buying interest against a stubborn resistance could be a precursor to such a pattern forming. The key is to look for that volume expansion on the breakout for confirmation, otherwise, it's just a lopsided congestion zone ready to trap the unwary.