The ascending triangle is a bullish continuation pattern, consisting of a horizontal resistance and an upward-sloping support. Traders look for a breakout above the resistance for confirmation ...

Ascending triangle is a bullish continuation pattern, typically regarded as a healthy correction for long-term market trends. Recognising the pattern and breakout can aid a trader in looking for good ...

Ethereum's native token Ether (ETH) could reach above $10,000 in the coming weeks as it paints what appears to be an "ascending triangle" pattern.

Interestingly, ascending triangles are continuation patterns, meaning they typically resolve by sending the price in the direction of its previous trend once it breaks out of their tightening range.

The pair has formed a bullish ascending triangle pattern on the 4-hour chart, which will complete on a break and close above $203.

Ether’s weekly chart shows an ascending triangle breakout. The triangle pattern presents an upside target of $5,200, according to technical analysis by Kraken OTC.