We have a strong support at around 0.76 which will be the downend of the flag. We will have to wait at least 3 days until we see the breakout.
Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a...
A rising wedge is formed when price consolidates between upward sloping support and resistance lines.
In my opionion that what we have here. Also we have IOTA with a huge potential in the future. Find your entry and enjoy the ride!
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In a stricly technical view of IOTA we have a pennant. 4 H Chart.
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move.
However, if a pennant is not accompanied by a flagpole, then it's not a pennant. Also, performance depends on a strong price trend leading to the pennant.