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Dubbed a "bull flag,” the pattern forms when the price consolidates lower in a descending channel (flag) following a strong move upward (flagpole). Ultimately, the price breaks above the channel ...
Gold broke out of a small bull pennant continuation pattern on Wednesday and then took off, rising to a new record high of $3,341, at the time of this writing. It continues to trade near the highs ...
Technically, we see the price having formed a bullish flag pattern, and we can see the price broke above the descending upper trend line with good bullish momentum. The challenge for bulls will ...
Interestingly, that very range may be forming a bull flag, according to analyst Stellar ... which preceded a strong breakout. If the pattern continues, XRP price could be preparing for its next ...