Solana
Long

SOL - 1W - Bullish pennant

654
A pattern similar to 2021 is taking shape. A bullish pennant.

In technical analysis, a pennant is a type of continuation pattern.

It's formed when there is a large movement in a security, known as the flagpole.

Then, the flagpole is followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.

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