Hi guys, I just wanted to share one of my findings. Gas/BTC looks like it is forming cup&handle pattern. If it succes to go up to 0.0045 it might just go vertically.
Comment:
As everything seems to be according to plan i feel like an update is needed.
The usual gain from cup&handle formation is equal to the depth of the cup, therefore I expect the target to be around 0.0077
I cannot update a picture however if you open the 4h chart by yourself you will probably notice that after reaching 0.0077 target we will have... another cup&hadle!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The usual gain from cup&handle formation is equal to the depth of the cup, therefore I expect the target to be around 0.0077
I cannot update a picture however if you open the 4h chart by yourself you will probably notice that after reaching 0.0077 target we will have... another cup&hadle!