The ascending triangle candlestick chart pattern, typically seen as a bullish indicator, is under scrutiny as it sometimes also resolves as a reversal pattern. This pattern is characterized by an ascending lower trend line and a horizontal upper trend line. It is considered reliable when there are multiple touches of the triangle’s trend lines. The pattern typically forms during an uptrend, with the price range narrowing as it progresses. Trading volume usually drops as the pattern develops, expanding after a breakout above the upper trend line. However, distinguishing between real and false breakouts remains a challenge. This pattern's reliability in predicting market trends is increasingly being questioned, reflecting the overall pessimism in the blockchain market.