An ascending triangle is a technical analysis pattern commonly found in financial markets. It is characterized by a horizontal upper trendline and an upward-sloping lower trendline. This formation suggests that buyers are becoming more aggressive, pushing prices higher, while sellers are maintaining a consistent resistance level. Traders often view the ascending triangle as a bullish signal, indicating a potential breakout to the upside. The pattern typically forms over a period of time, and once the price breaks above the upper trendline, it may lead to increased buying activity, potentially resulting in higher prices for the asset being analyzed, such as stocks or cryptocurrencies.