#WeAreAllSatoshi $COW #vana $BTC #COWUSDT

A correction movement is observed in the chart after a sudden and strong rise.

The price has fallen by facing sales at the 1.0404 USDT level and is currently trying to consolidate around 0.8694 USDT.

Support Zone: The 0.7600 - 0.8500 USDT range currently serves as a strong support.

Resistance Zone: The 1.0404 USDT level acts as a strong short-term resistance.

The increase in volume during the rise is remarkable. However, the increase in volume during the fall indicates that the selling pressure is strong.

The price consolidating horizontally after a strong rise indicates a bull flag formation.

The flagpole has been formed by the rise from 0.6000 USDT to 1.0404 USDT.

The consolidation area (current price range) forms the flag section.

Target of the formation

The length of the flagpole is approximately 0.44 USDT.

If the 1.0404 resistance is broken, the technical target of the formation is approximately: 1.0404 + 0.44 ≈ 1.48 USDT levels.

Support Zone: The formation may be invalid if the price falls below the 0.7600 level.

Resistance Break: The volume break of the 1.0404 level will confirm the continuation of the upward movement.

In summary, a bull flag formation is formed and the rise can be expected to continue with the break of the 1.0404 USDT resistance.