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varos
Apr 8, 2018 3:39 AM

Pennant - Short Term Target Long

Wanchain / BitcoinBinance

Description

The concept behind the flag and pennant patterns is that the momentum seen during the flag pole phase could continue once the pattern completes. Therefore, measure the size of the flag pole, then add that length to the bottom of the flag/pennant for bullish patterns.

Lets see how does WAN respect TA :)

  • Sell price target: 0.00059782


TBH, I wouldn't be surprised to see another flag or pennant on the above level.
- Prepare some popcorn, I hope to have some fun here finally!
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