$Lux is attempting an ascending triangle breakout on the 2h chart.

What's an ascending triangle?

It's pretty straightforward, just a combination of higher lows and and touch of resistance which happens to be at about 0.00145 for Lux. Statistically speaking, ascending triangles usually break upwards because the constant higher lows shows more buying pressure than selling. A clear breakout and retest of support would signal further bullish action from lux and a continuation of the bullish trend.

Here's an example in a forex market:

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BullsVsBears

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