Same pattern displayed on almost all the coins in the crypto market.
With a low of 0.00000141฿, Folding coin has move up maintaining its up movement with some consolidation forming a pattern called PENNANT FLAG PATTERN.
Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape(for more about FLAGS and PENNANT check previous charts).
The Flag looks more like a symmetrical triangle resistance and support diagonal line. AS SHOWN BELOW
THE EDGE TO EDGE TRADE( ICHIMOKU CLOUD)
The trade set up which is the edge to edge trade will likely happen here as price has broken the resistance line below the cloud and as closed inside the cloud with more cosolidation inside the cloud. This trade set up has a high chance of reaching its target, which is the other edge of the cloud up.
Technicals suggest a kijun bounce will likely take place( price drawn back down to the red line) which is a place set a buy order.
A bullish flipping has being triggered with target to be reached.
BUY: 0.00000221฿ ( or after the breakout in price at 0.00000279 ฿ )
SELL: 0.00000370฿ - 0.00000400฿
STOP LOSS: 0.00000183฿
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.