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$PENGU 1D Chart Analysis
$PENGU has had a nice run up lately to retest the resistance zone just before the larger retracement.
There is a large spread between the yellow 200MA and the white 21MA.
This signals that price action has risen to quickly. Im expecting a retracement for price action in the form of this white cup and handle pattern.
This will allow the moving averages to tighten back up for the next possible breakout to the upside.
NFA, DYOR ⚠️
#Crypto # Trading #PENGU