I really don’t like this coin fundamentally but dumb money is here so let’s learn from it.
We could recognise a pennant pattern right here which is crazy cause :
” – In 75% of cases, a pennant’s exit is in the same direction as the movement preceding its formation.
– In 90% of cases, a pennant is a continuation pattern. ”
That would mean that if we get out by the upside as a continuation we could have a 106% move to the upside.
However, We although have a bearish divergence that hasn’t played out on the RSI and the MACD is giving us a bearish cross so I would be really cautious.
A breakout on volume of this pennant would give me a clear way on where to go.
Break on the upside and I would go :
Break on the downside and I would go :
I really don’t like this coin fundamentally but dumb money is here so let’s learn from it.
We could recognise a
pennant pattern right here which is crazy cause :
” – In 75% of cases, a pennant’s exit is in the same direction as the movement preceding its formation.
– In 90% of cases, a
pennant is a continuation pattern. ”
That would mean that if we get out by the upside as a continuation we could have a
106% move to the upside.
However, We although have a
bearish divergence that hasn’t played out on the
RSI and the
MACD is giving us a
bearish cross so I would be really cautious.
A breakout on
volume of this
pennant would give me a clear way on where to go.
Break on the upside and I would go :
Break on the downside and I would go :
