Decentraland Analysis [November 14, 2021]

AB=CD pattern, Fibonacci retracement tool were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart.

The picture explains it all.
AB = CD pattern & FIB are saying take profit around $6.6 zone.

At carefully observing the price action, an almost concluded symmetric triangle and a bullish flag pattern can be seen in formation.

Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.

Comment:

Beautiful movement as price action broke to the downside just after forming a bullish pennant, leading to the completion of the downside of the bullish flag. With present completion of the bullish upside, if the price breaks and close above it, well, it might just be a home run. Only price action will tell...

Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.

Trade closed: target reached