Hi friends, The printer is about to start printing on Chainlink as a Crypto in play.
I want to say thank you to all those who have been liking my ideas, I really appreciate the love so far, I have come with another good crypto in play but in return I will ask for your likes to keep growing my ministry.
without much stories, here is the pattern discovered and my trade set up.
PATTERNS DISCOVERED 1, Bullish pennant Pennants are good continuation pattern, the patterns are characterized by a clear direction of price trend, followed by a consolidation or sideways movement or rangebound movement, which is then followed by a resumption of the trend.
2, Cup and Handle Cup and handle is also a good continuation pattern, that usually forms in bullish markets.
Here is my trade setup Enter: a "long" trade above the top of the cup level at 4.200 Stop loss : place a "stop" order below the handle at 3.7343 Targets: target 62% to 100% of the cup depth 7.3 Take profit points: 4.9760 5.4938 7.3171.
Thank you for liking this post idea and for following my work.