An ascending triangle is a bullish chart pattern commonly found in technical analysis. It is characterized by a horizontal resistance line at the top and an upward-sloping support line at the bottom. This formation indicates that buyers are becoming more aggressive, pushing prices higher while sellers maintain a consistent price level. Traders often view ascending triangles as potential signals for a breakout. When the price breaks above the resistance line, it may lead to a significant upward movement. This pattern is frequently used in conjunction with other indicators to confirm trading decisions and manage risk effectively.