On the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support.
The forecast is straightforward enough with the flagpole measuring a 60% move to the upside.
The target area is not to be confused with a market top.
Is it possible price action continues to correct further? Sure.
Is it probable? No
Ww
Type: trade
Risk: You decide
Timeframe for long: 24-48hrs
Return: 60%
The forecast is straightforward enough with the flagpole measuring a 60% move to the upside.
The target area is not to be confused with a market top.
Is it possible price action continues to correct further? Sure.
Is it probable? No
Ww
Type: trade
Risk: You decide
Timeframe for long: 24-48hrs
Return: 60%
Trade active
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.