Thinking it might stick around the resistance line until a price movement driven by the release of new news regarding verge. The Bullish Pennant is also known as a bull flag indicator. The only difference is it compresses towards a point then breaks out rather than an up/down oscillation between two lines. Bull flags indicate a new bull trend could be just around the corner, this usually resulting in a spike in price and/or a new uptrend. Since it is correlating around the resistance line I find it to be more likely that this is correct.
交易進行
Pennants usually result in a violet spike up in price so it would be best to buy now and place a stop-loss right underneath it. 0.00001070 is what I am using.註釋
Trading view was frozen for some reason; stop loss at 0.00001040; the wedge changed shape (realized the triangle it was making) and seems to be still confined inside.註釋
45 minutes from now looks like the point it could break out; guess we'll wait and see :/註釋
Something pointed out by a friend: Set limits lower than your stop or it might not have time to sell if it drops quickly.註釋
Well it has certainly poked up through the triangle and is stalling in one spot at the resistance line. Buy/sell volumes still seem balanced.註釋
perhaps forming a miniature flag as suggested on discord; flag has a bull-pin註釋
Watching the new compression forming (triangle). Looks like it is aiming to touch around the 31st.註釋
It's having another poke at the resistance line; something worth watching交易進行
XVG breaking resistance line!交易進行
watch for boom when wraith finishes compiling, link in discord
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