What if this is all one giant flag pattern?

in LeoFinance4 years ago

What if all the trading we have been seeing is really one giant flag?

If you go back to the run up in 2017 and the eventual top, and draw lines until now, it actually looks like one giant pennant or flag pattern.

Which actually makes sense as that giant move is technically still consolidating.

Sees:

(Source: ~~~ embed:1244834425877057542/photo/1) twitter metadata:VHJhZGVybWF5bmV8fGh0dHBzOi8vdHdpdHRlci5jb20vVHJhZGVybWF5bmUvc3RhdHVzLzEyNDQ4MzQ0MjU4NzcwNTc1NDIvcGhvdG8vMSl8 ~~~

You know what's really great though?

If we break to the upside it will likely go the length of the flagpole.

Which was like a couple hundred up to $20k.

Now just add that move to the breakout point to get your projected price target.