We have a higher low structure moving into resistance, forming an ascending triangle - but I'm not trading based on this pattern itself, but I am ensuring I'm aware of the supporting diagonal and the horizontal resistance. The reason I'm not trading it as an ascending triangle is due to their poor reliability with BTC as a continuation pattern.
That said - should the supporting diagonal hold, I am expecting a move to the upside. It will be clear if this is a fake out if price breaks back below the horizontal level.
