A bear pennant pattern has been spotted on daily time frame.
With a pottential target of 0.80$ looks a good shorting opportunity.
What Is a Pennant Chart Pattern in Technical Analysis?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. (INVESTOPEDIA)
With a pottential target of 0.80$ looks a good shorting opportunity.
What Is a Pennant Chart Pattern in Technical Analysis?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. (INVESTOPEDIA)