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What is the technical analysis bear flag and how does it apply to cryptocurrency trading?
Cabdiqani AbcApr 03, 2022 · 3 years ago1 answersCan you explain what the technical analysis bear flag is and how it is relevant to cryptocurrency trading?
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- The technical analysis bear flag is a pattern that can be seen in cryptocurrency trading charts. It is formed when the price of a cryptocurrency experiences a significant drop, followed by a period of consolidation where the price forms a flag-like pattern. This pattern is characterized by a series of lower highs and lower lows. When the price breaks below the lower trendline of the flag, it indicates that the downtrend is likely to continue. Traders can use this pattern to identify potential selling opportunities or to confirm a bearish trend in the cryptocurrency market.Apr 03, 2022 · 3 years ago
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