FLAG PATTERNS has really been the pattern that is showing up in most the coins as the market remains bullish.
A PENNANT FLAG PATTERN spotted on the 4 hours time frame. The shape which Looks like a short symmetrical triangle.
Prices move between two converging trendlines, one at the top (resistance) sloping from the upward left side to downward right side. While the second one is at the bottom
(support) slopping from the downward left side to upward right side forming a small symmetrical triangle.
The bullish hidden divergence:
price : higher lows
oscilator : lower lows
Indicates that the down trend of price is gradually coming to an end, a reversal is bounce to come in. AS SHOW BELOW:
TECHNICALS suggests that price might likely move lower to the 0.00625327sats, before moving up or breaking out.
THE TREND IS YOUR FRD!!!
Only when the trend of price shows a breakout from the flag, that will give a strong signal for an entry.
BUY : At the breakout price 0.00750468sats
STOP LOSS: 0.00622738sats
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.