API3 BULLISH PENNANT PATTERNThroughout this week, BINANCE:API3USDT had a gain of more than 50% in a span of two days as of this writing.
Currently, the coin is moving sideways after a major bullish move and is expected that the price will consolidate and wait for a possible bullish pattern- true enough we saw a bullish pennant.
I will update my chart analysis for API3 in the chart on the idea threads below. Happy trading!
Bullpennnant
SHR forming the most obvious bull pennant ever?Well, this is a bull pennant if I've ever seen one. However, how reliable are patterns like this when it comes to microcap tokens like SHR? Pretty much not reliable at all. In fact most of the time, patterns like this are likely painted on purpose by whales in order to create some FOMO to dump on. Still interesting to watch how this will develop from here. Looks extremely bullish in the short-term, but could just as easily be a trap.