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How to trade bull and bear flag patterns?

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Flags are among the most-referred patterns in technical analysis that can provide clues to the price trend and potential next move. In technical Analysis , a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators. There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics, as listed below: The strong preceding trend (flagpole or pole) The consolidation channel (the flag itself) The trading volume pattern A breakout A confirmation of the price moving in the direction of its previous trend. In this article, we discuss bull and bear flag pattern s and how to trade them. What is a bull flag pattern? A bull flag is a technical pattern that appears when the price consolidates lower inside a downward-sloping channel after a strong uptrend. The said channel comprises two par...

What is ShibaSwap and how does it work?

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ShibaSwap is a decentralized exchange platform launched to expand the utility and capabilities of the SHIB token ecosystem. ShibaSwap is a DeFi platform featuring decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools, and yield farming in its ecosystem. Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX tweaked from Uniswap (UNI), the world's leading DEX by volume. But unlike its rivals, ShibaSwap's core purpose has been mostly about boosting the utility of Shiba Inu tokens. What are Shiba Inu tokens? ShibaSwap uses three main tokens, namel Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE). Let's discuss them in detail as follows. Shiba Inu (SHIB) Shiba Inu (SHIB) is a Dogecoin-inspired meme-coin created in August 2020 by the pseudonymous "Ryoshi." During its ICO, the founder(s) distributed one quadrillion SHIB, with half allocated to Ethereum co-founder Vitalik Buterin. Later, Buterin donated 5...