There are three forms of triangle patterns, namely ascending triangle, descending triangle and symmetrical triangle.
Ascending Triangle:
An ascending triangle is a bullish signal when the price breaks above the upper trendline. In this form of triangle pattern, the upper trendline is horizontal, indicating almost identical highs. This forms a resistance level. The lower trendline rises diagonally, indicating higher lows as buyers patiently increase their bids. Eventually, buyers lose patience and rush to push the price of Bitcoin above the resistance level. The upper trendline, which was previously a resistance level, now becomes a support level.
Descending Triangle:
A descending triangle is an inverted version of an ascending triangle, where the lower trendline is horizontal, connecting nearly identical lows, and the upper trendline descends diagonally toward the apex.
The breakdown occurs when the price breaks below the lower horizontal trendline support and resumes the downtrend. The lower trendline was once support and now turns into resistance.
Symmetrical triangle:
The symmetrical triangle is composed of a diagonally descending upper trendline and a diagonally ascending lower trendline. When the price moves toward the apex, it will inevitably break through the upper trendline to breakout, or break through the lower trendline to form a breakdown and a price downtrend.
Symmetrical triangles mostly tend to break out in the direction of the initial move before the triangle formed. For example, if an uptrend preceded a symmetrical triangle, traders would expect the price to break out to the upside.$BTC $ETH $BNB #荣耀时刻 #BinanceTournament 
