Cup and handle pattern try to break back to falling wedge
The current trend we can see that the BTC just got out the EMA ribbon consolidation zone.
BTC found support at the bottom of the ascending channel, and forming a cup and handle pattern.
At present, we can see that the BTC has completed the cup type, and is preparing to construct the the handle now.
If the pattern is conformed, it will try to break the falling wedge and the first target is around 8245.97.
Where is the opening price of the previous heavy volume located, the next key pressure after the resistance breakthrough is around 8725.65.
The opening price at which the heavy volume is located in the previous fall.
The current trend we can see that the BTC just got out the EMA ribbon consolidation zone.
BTC found support at the bottom of the ascending channel, and forming a cup and handle pattern.
At present, we can see that the BTC has completed the cup type, and is preparing to construct the the handle now.
If the pattern is conformed, it will try to break the falling wedge and the first target is around 8245.97.
Where is the opening price of the previous heavy volume located, the next key pressure after the resistance breakthrough is around 8725.65.
The opening price at which the heavy volume is located in the previous fall.