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A bull flag is negated when a stock or crypto closes a trading day below the lower trendline of the flag pattern or if the flag falls more than 50% down the length of the pole.
See Also: Crypto Analyst Michaël van de Poppe Says Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000
The Bitcoin Chart: Bitcoin has a bull flag on the daily with the pole created between Oct. 4 and Oct. 6 and the flag between Thursday and Saturday.
© Provided by Benzinga btc_oct._9.pngThe Ethereum Chart: Ethereum has a bull flag, with the pole created between Oct. 1 and Oct. 7 and the flag between Thursday and Saturday.eth_oct._9.png
In : Technical Analysis
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