The pattern shown in the first image is known as the “Penguin” or “Bullish Continuation Pattern.” It occurs after a strong upward move (the “flagpole”), followed by a consolidation in a symmetrical triangle shape (the pennant). When the price breaks out of the pennant upward, it is a sign of a continuation of the uptrend. $THE #thebegin #The

1. The pennant is depicted in the first image, indicating the classic formation.

2. In the second image, the chart of the asset THE/USDT shows consolidation characteristics shortly after a significant upward move, suggesting that a pennant may be forming.

If the asset does break through the upper resistance of the pennant, there is a possibility of a significant upside. In this case, the target is usually designed by measuring the size of the “flagpole” (the initial high before the pennant formed) and applying that same height from the breakout point.

Price Projection:

1. Current price: $2.6893.

2. Flagpole height (approximate): $2.1905 (24h low) to $2.8780 (24h high) = $0.6875.

3. Target in case of an upward breakout: $2.8780 + $0.6875 ≈ $3.5655.

Summary: If the asset $THE confirms the breakout of the pennant resistance, it is possible that it will reach the $3.50 to $3.60 region. However, monitor technical indicators (such as volume and relative strength) to confirm the strength of the movement and protect yourself against false breakouts.