As observed, there were three flag breakouts in November 2024. However, the failure of the fourth flag breakout in December 2024 led to a correction.
The $0.85 level appears to be well-supported, creating a flagpole, and it seems to be forming a flag pattern now, awaiting a breakout.
Once the breakout occurs, it is expected to rise above $1.25
The $0.85 level appears to be well-supported, creating a flagpole, and it seems to be forming a flag pattern now, awaiting a breakout.
Once the breakout occurs, it is expected to rise above $1.25
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.