Chainlink Bull Flag Breakout Could Target $25 By Year’s End

A classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Cardano (ADA) appears to be heading toward a new record high as its downside move takes the shape of a bull flag.In detail, the ADA/USD exchange rate plunged 16.91% to $2.47, but the pair’s decline came after a strong move higher, wherein it surged over 120% month-to-date to reach an all-time high of $2.97 on Monday. Therefore, the latest declines have given the impression that Cardano is undergoing a brief pause before it resumes its uptrend.Part of the upside analogy....

GMT is booming amid warnings that its 38,000% price rally since inception could end up being an "absolute joke." STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the "bull flag."GMT eyes more upsideGMT's price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of....

A bull flag pattern resembles a flag on a pole and appears when a cryptocurrency is experiencing a significant price rise. Many security price forecasters use technical analysis, sometimes referred to as charting. However, they opt to reject the efficient markets hypothesis (EMH) altogether. The efficient markets hypothesis (EMH), also called the Random Walk Theory, is the idea that current securities prices accurately reflect the information about the firm’s value. Therefore, it is impossible to make excess profits using this information, or gains that are greater than the overall market.....

The bullish setup emerges as traders raise their upside bets in smart contract protocols that rival Ethereum. Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12.Dubbed as "Bull Flag," the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, Bull Flags tend to look like downward sloping channels, represented by two parallel trendlines that trap the price action.Additionally, the market's underlying trade volume dries up as the prices move lower, indicating weakness in....

The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio. Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week.Dubbed "bull flag," the pattern emerges when the price consolidates lower/sideways between two parallel trendlines (flag) after undergoing a strong upside move (flagpole). Later, in theory, the price breaks out of the channel range to continue the uptrend and tends to rise by as much as the flagpole's height.AVAX....