CHRUSDT is creating a pennant on the $0.17 area.
A pennant is a technical chart pattern that resembles a triangle. It's formed when there's a sharp move in the price of an asset, followed by a consolidation phase with converging trendlines. The pennant is typically characterized by decreasing trading volume and volatility as the price moves closer to the tip of the triangle. A clear breakout from the pennant pattern with significant volumes can be a strong indication of the direction of the next price move.
According to Plancton's Rules, if the price of CHRUSDT has a clear breakout with significant volumes from the pennant pattern on the $0.17 area, it may suggest a bullish trend. Traders could consider entering a new long position with the expectation of a continued uptrend.
A pennant is a technical chart pattern that resembles a triangle. It's formed when there's a sharp move in the price of an asset, followed by a consolidation phase with converging trendlines. The pennant is typically characterized by decreasing trading volume and volatility as the price moves closer to the tip of the triangle. A clear breakout from the pennant pattern with significant volumes can be a strong indication of the direction of the next price move.
According to Plancton's Rules, if the price of CHRUSDT has a clear breakout with significant volumes from the pennant pattern on the $0.17 area, it may suggest a bullish trend. Traders could consider entering a new long position with the expectation of a continued uptrend.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.