Bullish Breakouts from Ascending Triangle

in altFINS Newsletters, Technical Analysis, Trading Strategies

altFINS Newsletters 2 min read May 29, 2024

Lenka Fetyko

Bullish Breakouts from Ascending Triangle

We are detecting more assets trading in Ascending Triangle patterns.

According to historical backtests, Ascending Triangle patterns have 68% success rates.

That means that 2/3 of the time, it generates a profit. Pretty solid.

Three days ago, CHZ (Chiliz) broke out of an Ascending Triangle and is up +10% so far. See chart below.
There are 9 more assets trading in an Ascending Triangle among our trade setups and another 8 in our AI-based Chart Patterns section.

You can find this and other timely trade setups for 60+ major altcoins with Take Profit and Stop Loss levels in our Technical Analysis section.

We teach trading chart patterns in Lesson 8 of our new Crypto Trading Course.

Chiliz (CHZ): Ascending Triangle Breakout

See All Trade Setups

Trade Setups: Ascending Triangles

Discovering assets trading in a Ascending Triangle pattern is very easy with altFINS:

1. AI-driven Chart Patterns section: hundreds of trade signals every day accross 4 intervals (15 min, 1h, 4h, 1d).

2. Technical Analysis section: trade setups for 60+ major altcoins with Take Profit and Stop Loss levels.

3. Signal Summary section (see example below): quick links to 26 common chart patterns (wedges, channels, head and shoulders, etc.)

4. Crypto Screener section: use pre-set filters to quickly identify potential trading opportunities.

TIP: You can create an alert for Chart Patterns! Don’t ever miss a trading opportunity. Here’s how.

Explore the details on how to spot and trade the Ascending Triangle pattern by delving into this knowledge base article.

Signals Summary

See Signals Now

altFINS’ AI chart pattern recognition engine identifies 26 trading patterns across multiple time intervals (15 min, 1h, 4h, 1d), saving traders a ton of time.

You can filter chart patterns by type, profit potential, success rate, buy or sell direction, exchange, and more.