Thinking it might stick around the resistance line until a price movement driven by the release of new news regarding verge. The Bullish Pennant is also known as a bull flag indicator. The only difference is it compresses towards a point then breaks out rather than an up/down oscillation between two lines. Bull flags indicate a new bull trend could be just around the corner, this usually resulting in a spike in price and/or a new uptrend. Since it is correlating around the resistance line I find it to be more likely that this is correct.
Trade ist aktiv
Pennants usually result in a violet spike up in price so it would be best to buy now and place a stop-loss right underneath it. 0.00001070 is what I am using.Anmerkung
Trading view was frozen for some reason; stop loss at 0.00001040; the wedge changed shape (realized the triangle it was making) and seems to be still confined inside.Anmerkung
45 minutes from now looks like the point it could break out; guess we'll wait and see :/Anmerkung
Something pointed out by a friend: Set limits lower than your stop or it might not have time to sell if it drops quickly.Anmerkung
Well it has certainly poked up through the triangle and is stalling in one spot at the resistance line. Buy/sell volumes still seem balanced.Anmerkung
perhaps forming a miniature flag as suggested on discord; flag has a bull-pinAnmerkung
Watching the new compression forming (triangle). Looks like it is aiming to touch around the 31st.Anmerkung
It's having another poke at the resistance line; something worth watchingTrade ist aktiv
XVG breaking resistance line!Trade ist aktiv
watch for boom when wraith finishes compiling, link in discord
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.