VTC Big Pull Pennant
Updated
Looks to me like a big bull pennant forming on VTC. Need another touch of the upper trend line to confirm. Volume is also decreasing, and looks good that the MACD on 3 hr and 4hr have recently crossed and look set for upside.
Flag pole length is about 47k, so target of breakout would be around 115k.
Flag pole length is about 47k, so target of breakout would be around 115k.
Note
Would appear to be breaking out around 69k. Was hoping it would touch the upper trend line and come back to help confirm my idea, but breaking out leaves me a bit unsure. I think it could be an ascending triangle instead of a pennant. In which case target would be around 9k.
Note
Volume kinda meh on the "breakout" to 70k where it stalled. Pulling back, and keeping both Bull Pennant and Ascending triangle patterns in play. Watching for a breakout to 70k with actual volume to confirm a breakout not a fakeout.
Note
Broken through! My target is 115k, but I'll be taking profit on the way up.
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