UnknownUnicorn26572303

$SUSHI Performing Ascending Triangle in 1D TF Also BREAKOUT DONE

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BINANCE:SUSHIUSDT.P   SUSHI / TetherUS PERPETUAL CONTRACT
What the Ascending Triangle Shows Us

The ascending trend line chart pattern is a bullish formation. It signals that the market is consolidating after an uptrend, with the buyers still in control. The occurrence of the higher lows is pointing toward a likely breakout as the wedge narrows down."
**There are three key features of an ascending triangle:

Strong trend - In order for the ascending triangle to exist in the first place, the price action must stem from a clear uptrend;

Temporary pause - This element refers to the consolidation phase, which will help the buyers consolidate their strength;

Breakout - The break of the upper flat line marks the breakout, which activates the pattern. It also helps us determine the entry, take profit, and stop loss at a later stage.
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