mrthermostat

Yearn Finance pennant pattern...

COINBASE:YFIUSD   YFI/USD
A pennant pattern often indicates a strong rally in price πŸ“ˆ. It begins with a strong uptrend which is identified as the flagpole. Afterwards it pulls back into a sort of sideways trend in which the resistance and/or support are not parallel to each other and form a triangle. When the candlesticks reach the tip of the triangle, a strong uptrend ensues πŸ’ͺ.
You can see this happen with Yearn Finance (the flagpole is marked in yellow) ( support and resistance marked in blue).

This is definitely one to watch!

DISCLAIMER:
*this is not financial advice, do your own research and due diligence all that stuff*
lol

Have a good day!

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