$NG is currently positioned on breakout watch, forming a well-defined ascending triangle—a textbook bullish continuation pattern. The chart reveals a clear story: buyers are becoming more aggressive with each pullback, consistently establishing higher lows, while sellers keep defending the same resistance level. This tug-of-war between the two sides is exactly what traders watch for before a potential breakout. With buyers stepping up their bids and refusing to let the price collapse back down, the setup is tightening. If the pattern breaks above the upper trendline with decent volume, it could trigger the next leg up. The key is watching whether this consolidation maintains its integrity or if buyers finally overpower the seller defense.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)