Ascending Trend Channel is a channel that has an ascending slope and indicates a bullish trend.
The ascending trend channel can be used as a guideline for a bullish trend. The channel mostly consists of 2 lines. Mostly it is advisable to look for a buying opportunity at the dip when the price reaches the lower trend line. A breakthrough below the lower trendline and stay lower for a prolonged time, it could indicate an exhausted bullish trend or maybe a reversal. A breakthrough the upper trendline generates a strong buy signal.