The respect of the 1.414 Fibonacci extension level. The 1.414 level is borrowed from Fibonacci extensions and is also roughly seen as the target point of every breakout of this flag pattern. With a pull back to 0.5fib retracement level.

TECHNICALS suggests that, if price breakout and closes out the flag at 39239sats( which gives a signal to buy) price will likely repeat its previous move to touch the 1.414fib extension.


Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.



Trade Ideas
View all