HIVE Ascending Triangle, Possible Bull Run After The Break !?!
hive-186328·@donald.porter·
0.000 HBDHIVE Ascending Triangle, Possible Bull Run After The Break !?!
[](https://hivewhat.com/charts) src: [hivewhat.com/charts](https://hivewhat.com/charts) <br> Hi, hope you're having a great day so far! It seems my [Possible HIVE Cup & Handle](https://peakd.com/hive-167922/@donald.porter/hive-moving-again-possible-cup-and-handle) was really an **Ascending Triangle Pattern** developing all along. #### What's an Ascending Triangle? The ascending triangle is a bullish pattern that is one of the easiest to trade on in most markets. It develops as a rising lower trendline and a flat upper trendline that acts as resistance, which will likely become support after a break out. It means that buyers are more aggressive than sellers as price continues to make higher lows. Just about what I've been saying in my recent post ([HIVE Breaks Downtrand](https://peakd.com/hive-186328/@donald.porter/hive-breaks-downtrend)) about HIVE sellers slowly drying up. ##### Textbook Ascending Triangle Pattern:  <br> The trend usually completes itself when price breaks out of the triangle in the direction of the overall trend. Extremely bullish. So bullish in-fact, I'm listening to ***We are The Champions*** in the background (the Mighty Ducks version).... https://www.youtube.com/watch?v=XgYnmYDdjT4 # 😅 <br> Am I celebrating too early? **Will we re-test the upper flat line?** Very likely, we may even fall below it. *Nothing is guaranteed*. ##### I may be wrong, but I strongly believe that if it wasn't for the account freezes on Steem deterring power-downs; the last HIVE dump may not have been so severe. Hence, the accumulation by so many Hivers this past week. ##### We know the fundamentals are sound and the majority view .10c HIVE as a discount. This is **good**. It's good. But, it's NOT financial advice. 🙂 ##### Peace ✌️ <hr> > Technical Analysis isn't an exact science, imo it's a mix of hindsight with a sprinkle of glorified pattern recognition. If you're interested in HIVE Charts, Technical Analysis Indicators and Oscillators; check out the charting tools available at [HiveWhat.com/charts](https://hivewhat.con/charts) <hr> > *This post has been shared on Twitter here: https://twitter.com/DonaldPorterJM/status/1251303130152779778
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