Bullish triangle on coffee

The bullish triangle is a bullish continuation pattern when it breaks to the upside, but there could also be a breakout to the downside. On the weekly chart of coffee we can see that the price has formed an ascending triangle with a good resistance around the 154.58 level. The thing that makes a bullish breakout most probable on an ascending triangle is the fact that the lows of the candles are higher than the previous ones and the bullish pressure accumulates on the horizontal resistance line. A breakout to the upside could take the price of coffee to the 169.76 level or the 184.12 level. To the downside, the first support could be at the 200 day exponential moving average, around the 145.47 level. The 55 day EMA could also act as support around the 135.98 level.