Ascending channel

[lucacrebbe]

Could you help me please to understand where could the price go to, when this TA figure (ascending channel/triangle) will be broken?
How could I know if it will breack 17usd and go to 19usd (and possibly breacking it)?
Do you suggest me to use the daily or weekly for these analisis? (this graph is daily)
https://i.ibb.co/6s848wP/channel.png

 

[Enivid]

Unfortunately, that isn't a proper ascending triangle because ascending triangle is a continuation pattern that forms inside a greater uptrend. This one follows a downtrend. The price might still go up after the breakout, but that doesn't make this a valid ascending triangle setup.

 

[lucacrebbe]

Unfortunately, that isn't a proper ascending triangle because ascending triangle is a continuation pattern that forms inside a greater uptrend. This one follows a downtrend. The price might still go up after the breakout, but that doesn't make this a valid ascending triangle setup.

Do they form only in uptrend charts?

 

[Enivid]

They can form anywhere but the valid ones have to follow an uptrend.