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Crypto · chart pattern

Ascending triangle on Cardano

On Cardano the ascending triangle showed up 23 times. The target came first 30% of the time, the stop 65%, and 4% went nowhere within 12 candles.

Counted on Cardano (ADA/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour922%78%0%
Hourly1338%54%8%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano2330%65%4%
All Crypto charts50736%60%4%
Every market68037%59%4%

Year by year

YearFoundTarget firstStop first
2021367%33%
2022560%40%
202350%100%
202430%100%
2025540%40%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the ascending triangle is

A flat ceiling and rising floor squeeze together, then price breaks up.

Imagine bouncing a ball under a low ceiling while the floor slowly rises beneath it. Each bounce has less room, until the ball has to escape somewhere. An ascending triangle is price squeezed like that, and here it escapes through the ceiling.

The full ascending triangle lesson, video and quiz ›

Other patterns on Cardano

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The ascending triangle elsewhere

Solana · Litecoin · BNB · Polkadot · Aave · Hedera · Dogecoin · TRON · Stellar

Questions

How often does the ascending triangle work on Cardano?

In 23 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 65%; 4% went nowhere within 12 candles.

What is the ascending triangle?

A flat ceiling and rising floor squeeze together, then price breaks up.