The ascending triangle setup—defined by flat resistance and climbing support—points to a potential bullish continuation if a breakout takes place.
Levels to Watch:
Support: Around $108K (previous resistance turned support)
Resistance/Breakout Zone: ~$111K–$118K
Bullish Target: ~$134K–$135K once breakout confirms
However, a drop below ~$108K may invalidate the pattern and open the door to more downside.