RDDBTC

RDDBTC

Majority of the pattern are all showing flag pattern.

Holding strong inside its pennant flag pattern, this pattern is called A LOSSE PENNANT FLAG PATTERN.

A loose pennant is one in which price meanders, pokes outside the trendline boundary, contains white space, or looks jagged.

A breakout calling at the 0.5 fib retracement level. The oscilator DMI (directional movement) is currently bullish as the ADX(blue) is fully above 25 and +DI(green) is above -DI(red).

TECHNICALS suggest that  the flag is almost completed and calling for a breakout at the 0.5fib retracement level. If price breakout and closes above the flag, then the targets at the two fib extensions at  1.272 and 1.414 will be met and a potential stop loss at 53sats would come in play.

 

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.

$COV HODL

 

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