IDOL has recently formed a classic ascending flag pattern during its upward trend. The bottoming phase has been completed, and it is gradually rebounding. From a technical perspective, both the KDJ and MACD indicators remain in bullish alignment, indicating that buying strength still dominates.
From a pattern standpoint, this consolidation is likely just a buildup phase. Once it breaks through the previous high resistance, the upward momentum is expected to accelerate. The key support level is around 0.031, where a stop-loss can be set; a break below this indicates a breakdown of the bullish logic. Conversely, if it smoothly pushes up to the 0.038 level, that would be an ideal take-profit zone.
Based on the current technical setup, the bullish sentiment is quite strong, and the market is waiting for a bullish signal. As long as trading volume keeps pace, breaking the previous high should not be an issue. The logic here is: the ascending flag pattern itself suggests a subsequent upward breakout, and combined with strong indicator performance, the risk-reward ratio remains relatively balanced.
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BearEatsAll
· 5h ago
Is the flag breakout really confirmed? Why does this volume seem a bit fake to me?
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IntrovertMetaverse
· 01-22 03:52
The rhetoric of the flag pattern breakout has been heard too many times. Every time, it's about risk-reward balance, but what’s the result?
Where is the promised 0.038? It’s almost halved now.
Strong indicators combined with the pattern—how has this combo been playing for so long and still stuck in place?
The excuse of insufficient volume is really worn out.
Wait, is the oversold rebound of KDJ coming again? I’m a bit tempted.
Break through the previous high? I bet fifty cents it’ll drop again.
The 0.031 line must hold, or I’ll really be forced to exit.
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RumbleValidator
· 01-22 03:49
The flag pattern analysis is getting boring; the key is whether the trading volume can keep up—if it breaks below 0.031, you have to admit defeat. There's no need to hesitate.
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TokenCreatorOP
· 01-22 03:42
The idea of a flag breakout, I've heard it too many times, but what's the result?
Rising flag formation building momentum? Bottomed out at 0.031? Wake up, everyone.
Can this wave really break the previous high? I remain skeptical.
Whether the trading volume can keep up or not, we don't know yet. Don't be too optimistic.
KDJ and MACD are strong? What a joke. The current market has already fooled me once with these indicators.
Nice words, taking profit at 0.038... I bet five bucks I won't reach it.
Bullish sentiment is strong? Ha, the last time someone said that, it also fell like this.
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0xLostKey
· 01-22 03:24
Flag pattern breakout, this old trick, every time they say this time is different, haha
Can't wait any longer, just go all in. A bullish KDJ crossover is my signal
Breaks below 0.031, gotta run immediately. Don't want to play psychological games
Can it really reach 0.038 this time? I always feel it's just a fake-out
If the volume doesn't pick up, it's all for nothing. Watching the show now
IDOL has recently formed a classic ascending flag pattern during its upward trend. The bottoming phase has been completed, and it is gradually rebounding. From a technical perspective, both the KDJ and MACD indicators remain in bullish alignment, indicating that buying strength still dominates.
From a pattern standpoint, this consolidation is likely just a buildup phase. Once it breaks through the previous high resistance, the upward momentum is expected to accelerate. The key support level is around 0.031, where a stop-loss can be set; a break below this indicates a breakdown of the bullish logic. Conversely, if it smoothly pushes up to the 0.038 level, that would be an ideal take-profit zone.
Based on the current technical setup, the bullish sentiment is quite strong, and the market is waiting for a bullish signal. As long as trading volume keeps pace, breaking the previous high should not be an issue. The logic here is: the ascending flag pattern itself suggests a subsequent upward breakout, and combined with strong indicator performance, the risk-reward ratio remains relatively balanced.