An analyst has explained that Worldcoin is currently showing a breakout from a pattern that could potentially lead to a rally of 80% for WLD. Worldcoin Appears To Be Showing A Bullish Breakout Currently In a new post on X, analyst Ali shared a chart for the 4-hour price of Worldcoin, which shows the formation of a bull flag for the cryptocurrency. A “bull flag” is a continuation pattern in technical analysis that, as its name suggests, looks like a flag on a pole. Bull flags form when a rapid uptrend in the price slows down and reverses in the opposite direction while consolidating inside a specific channel. The preceding uptrend forms the “pole,” while the channel shapes up the “flag.” Related Reading: Polkadot Shows Bearish Signal, Analyst Predicts Drawdown To This Target There are also bear flags, which form during periods of downtrend instead. The downward trajectory naturally forms the pole in this case and the flag corresponds to the consolidation towards a slight upside. In the context of the current discussion, the normal bull flag isn’t o ..
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