CONTINUATION BULLISH PATTERNS
Bullflag:The Bull flag pattern starts with a bullish trend (pump) which is called FLAGPOLE after this suddenly turns into a correction inside a bearish channel .If we have sufficient volume and we can confirm the authenticity of the flag pattern probably the price will start a new bullish pulse(is important to break the resistance of FLAG
The flag chart pattern has two targets on the chart:
First-above the breakout on a distance equal to the size of the Flag
Second:Flagpole height give us the second target after breakout from this pattern
Bullish Pennant: this chart pattern has almost the same structure like the bullflag.First we have a huge green candle(pump) which will gradually turn into a consolidation zone into a triangle.In this consolidation is important to not break resistance/support line from this triangle.With increased volume we can break up from this triangle and targets will be the same way as with the Flag
3)Falling wedge: is a bullish pattern that begins wide at the top and contracts as prices move lower.As a continuation pattern the falling wedge will still slope down,price of coin will decrease and volume also,the bullish bias cannot be realized until a resistance breakout.
The flag chart pattern has two targets on the chart:
First-above the breakout on a distance equal to the size of the Flag
Second:Flagpole height give us the second target after breakout from this pattern
Bullish Pennant: this chart pattern has almost the same structure like the bullflag.First we have a huge green candle(pump) which will gradually turn into a consolidation zone into a triangle.In this consolidation is important to not break resistance/support line from this triangle.With increased volume we can break up from this triangle and targets will be the same way as with the Flag
3)Falling wedge: is a bullish pattern that begins wide at the top and contracts as prices move lower.As a continuation pattern the falling wedge will still slope down,price of coin will decrease and volume also,the bullish bias cannot be realized until a resistance breakout.
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