The ascending triangle had formed for two weeks, since Sep 29th; it was a longer period compared to other triangles. The triangle made three waves, and each of them broke out the lower Bollinger Bands. Next, on Oct 12, the Bollinger Bands shrunk, and then expansion came; we can see the price line moved up on the upper Bollinger Band. The upward trend was steep, and we have not seen any resistance yet.
Although the upward trend looks solid, there are still some reverse signals. The Stochastics and RSI have already entered the overbought area since Oct 14th, which was the beginning of the breakout. As we know, the overbought condition is precarious. The price could crash anytime. Also, as can be seen, the price has overlapped with the upper Bollinger band since the beginning of the breakout. The Bollinger bands always push the price back to the middle line, so the price is under pressure now.
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