A pennant is a technical pattern in financial markets that is formed after a strong price move and is characterized by converging trend lines, creating a triangular shape. It is a continuation pattern, meaning it signals a potential continuation of the prior trend once a breakout occurs.
In the case of ALICEUSDT, the recent bounce from the daily support and the testing of resistance inside a pennant suggest that the market is in a period of consolidation. We are waiting for a potential breakout from the pennant to confirm the continuation of the prior trend. Upon a successful breakout, Plancton's rules can be applied to make informed trading decisions. The next target for the price could be the next daily resistance, around 2.2$, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
In the case of ALICEUSDT, the recent bounce from the daily support and the testing of resistance inside a pennant suggest that the market is in a period of consolidation. We are waiting for a potential breakout from the pennant to confirm the continuation of the prior trend. Upon a successful breakout, Plancton's rules can be applied to make informed trading decisions. The next target for the price could be the next daily resistance, around 2.2$, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Nota
16%
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.