CNB Summary and Why Its So Undervalued, page-1927

Not really, at least in my opinion... The ascending triangle is usually shown by a number of swing highs and swing lows (at least two), so while you have the highs there forming the top of the triangle (sloped down rather than flat), there is only really a single swing low shown which cannot form a lower trend angle for the triangle. I am also not so sure about using Heikin Ashi for triangle formulation as this will show trends rather than actual highs and lows.

If, for example we were to retrace back to 0.47, we would be forming a descending triangle on the daily chart:


Alternatively, as shown by the significant upward movement prior to the current price movement, you could almost call a pennant formation. Which if this is the case, a bullish breakout on volume could see the target being anywhere north of 70c.

I am certainly no chartist, and my lack of certainty here definitely shows this everything I have said is my own opinion assumptions and probably shouldn't be relied upon