Yearn Finance pennant pattern...
A pennant pattern often indicates a strong rally in price 📈. 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 💪.
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!
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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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.