FARMUSD Forming Massive Bull Pennant

22 ส.ค. 2021

FARMUSD

This is what is in store for you farmers holding many FARM tokens in the coming hours or days, hopefully the former (I'm one and I bought buckets of these today in the high 230 - low 240s range during the big dump):

A canonical bullish pennant whose beginnings look to have taken root around the hours of 9-12 am CDT (if you zoom in to the 1hr version on your chart) a fortnight ago, on August 8. Reverting to the posted daily chart, notice the markedly decreased volume with each passing day, which is a near-omnipresent phenomenon in this particular type of breakout and is an auspicious sign of a large pump incoming.

What's my target? The full distance of the pole from August 7-8, or $40. So, wherever FARM breaks out from the resistance trendline plus $40.

So probably my first take profit would be @ $285, as I am predicting a breakout near current resistance, between $240-$250.

Good luck trading, farmers.