THE PENNANT FLAG CHART PATTERN
As easy as it is called, it is difficult to trade it. Th breakout out matters alot at this point. Volume has decreased drastically now at the point of breaking out. The crypto-market is slightly bullish. The breakout of the price from the resistance will be the buy signal to go long.
VERDICT:
BUY: $3.79
SELL:$4 up to $4.3
STOP LOSS:$3.3
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
As easy as it is called, it is difficult to trade it. Th breakout out matters alot at this point. Volume has decreased drastically now at the point of breaking out. The crypto-market is slightly bullish. The breakout of the price from the resistance will be the buy signal to go long.
VERDICT:
BUY: $3.79
SELL:$4 up to $4.3
STOP LOSS:$3.3
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.