What are some real-life examples of successful trades using the ascending triangle pattern in the world of digital currencies?

3 answers

• Savage ShapiroMay 27, 2021 · 4 years ago
  Sure! One example of a successful trade using the ascending triangle pattern in the world of digital currencies is the BTC/USD pair on Binance. In early 2021, Bitcoin formed an ascending triangle pattern on the daily chart. Traders recognized this pattern as a bullish continuation pattern and anticipated a breakout to the upside. When the breakout occurred, many traders entered long positions and rode the upward trend, resulting in significant profits. This example demonstrates how the ascending triangle pattern can be used to identify potential buying opportunities and capture profitable trades in the digital currency market.
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• J. HunterJul 02, 2023 · 2 years ago
  Absolutely! Another real-life example of a successful trade using the ascending triangle pattern is the ETH/BTC pair on Coinbase. In this case, Ethereum formed an ascending triangle pattern on the 4-hour chart. Traders who recognized this pattern anticipated a breakout to the upside and entered long positions. When the breakout occurred, the price of Ethereum surged against Bitcoin, allowing traders to profit from the trade. This example highlights the effectiveness of the ascending triangle pattern in identifying potential trading opportunities and generating profits in the digital currency market.
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• Povlsen ProctorApr 04, 2022 · 3 years ago
  Well, let me tell you about a successful trade that utilized the ascending triangle pattern in the world of digital currencies. One notable example is the ADA/USDT pair on BYDFi. In early 2021, Cardano formed an ascending triangle pattern on the hourly chart. Traders who spotted this pattern anticipated a breakout and entered long positions. When the breakout happened, the price of Cardano skyrocketed, resulting in substantial gains for those who took advantage of the pattern. This trade exemplifies how the ascending triangle pattern can be a valuable tool for identifying profitable opportunities in the digital currency market.
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