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!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.