🚩 ASR forms a bullish flag after explosive growth!
After an impressive rally, the $ASR coin has begun to enter a consolidation phase, forming a bullish flag — a classic continuation pattern. Such patterns often signal a potential continuation of growth if a breakout occurs upwards.
📊 Current price: $7.918
📈 Local maximum of the flag: $8.400
📉 Local minimum of the flag: $4.551
🎯 Target for flag breakout: $12.25
📐 Target = Breakout point + Length of the flagpole
1. Length of the flagpole:
We take the growth from the start of the impulse to the start of consolidation:
From $4.551 to $8.400
Length of the flagpole = 8.400 − 4.551 = 3.849
2. Estimated breakout point:
Assume the breakout will occur around $8.400
3. Target for the pattern:
8.400 + 3.849 = 📍Target = $12.249
If the flag works according to the textbook — the potential move could be impressive. Watch for the breakout and volumes!
