Triangle Crypto Chart Patterns

One of the most prevalent chart patterns is the triangle, which is created by the converging trend lines of an asset. There are three distinct types of triangles:

Ascending (bullish chart pattern)

Descending (bearish pattern)

Symmetrical

Ascending and descending triangles are classified as continuation chart patterns, indicating that they usually appear in the midst of a trend and suggest that the trend is likely to persist. In contrast, symmetrical triangles are viewed as reversal patterns, implying that they may emerge at the conclusion of a trend and indicate a potential reversal in price direction.

Triangles are among the more enduring patterns: they can take several months or even years to develop.