Are there any notable examples of successful ascending triangle breakouts in the history of cryptocurrencies?

4 answers

• Kupela PhiriMay 24, 2021 · 4 years ago
  Certainly! One notable example of a successful ascending triangle breakout in the history of cryptocurrencies is Bitcoin. In 2017, Bitcoin formed an ascending triangle pattern on its price chart, with a series of higher lows and a resistance level that remained relatively flat. When the price eventually broke out above the resistance level, it experienced a significant upward movement, leading to the famous bull run of 2017. This breakout marked a turning point for Bitcoin and propelled it to new all-time highs. Other examples of successful ascending triangle breakouts in cryptocurrencies include Ethereum, Litecoin, and Ripple. These cryptocurrencies also experienced significant price increases after breaking out of their respective ascending triangle patterns.
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• Kjer BollMar 03, 2024 · a year ago
  Oh yeah, there have been quite a few successful ascending triangle breakouts in the history of cryptocurrencies. One example that comes to mind is Ethereum. Back in 2016, Ethereum formed a beautiful ascending triangle pattern on its price chart. When the price broke out above the resistance level, it skyrocketed and reached new all-time highs. It was an exciting time for Ethereum investors! Another notable example is Litecoin. In 2017, Litecoin broke out of an ascending triangle pattern and experienced a massive price surge. It was a great opportunity for traders to make some serious profits. So, yeah, there have definitely been some notable examples of successful ascending triangle breakouts in the history of cryptocurrencies.
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• Dev_ilmanFeb 24, 2021 · 4 years ago
  Yes, there have been several notable examples of successful ascending triangle breakouts in the history of cryptocurrencies. One such example is the breakout of Bitcoin in 2019. After forming an ascending triangle pattern, Bitcoin broke out above the resistance level and experienced a significant price increase. This breakout was followed by a strong bullish trend that lasted for several months. Another example is the breakout of Ethereum in 2020. Ethereum formed an ascending triangle pattern and broke out above the resistance level, leading to a substantial price rally. These examples demonstrate the potential for significant upward movement following a successful ascending triangle breakout in cryptocurrencies.
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• Kline MendozaApr 05, 2025 · 3 months ago
  BYDFi has observed several notable examples of successful ascending triangle breakouts in the history of cryptocurrencies. One such example is the breakout of Bitcoin in 2017. After forming an ascending triangle pattern, Bitcoin broke out above the resistance level and experienced a massive price increase. This breakout marked the beginning of the famous bull run of 2017. Another example is the breakout of Ethereum in 2020. Ethereum formed an ascending triangle pattern and broke out above the resistance level, leading to a significant price rally. These examples highlight the importance of recognizing and capitalizing on ascending triangle breakouts in cryptocurrencies.
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