Please see trade for information. Potential cup and handle pattern and breaking downtrend. Would trade after confirmation of the broken downtrend on re-test and for more conservative trade on break of neckline for cup and handle formation. Would love some feedback as I'm new to TA, thanks.
Comment:
Should slightly re-trace to test downward trendline. Also, if it break downward trendline and continues down, it looks like support around .32 - .33 with potential for inverse head and shoulders. I am only buying on downward trendline re-test and support, thanks
Comment:
Almost at the neckline, already tested resistance there, get ready!
Comment:
I would be going by daily, so we could be ranging for a while, it's not like this would happen in minutes or hours, but you never know. Last candle looks like it will retrace a bit on the daily.
Comment:
Really this is an inverse head and shoulder/cup and handle, check out chiliz too, same things, both at neckline now
Comment:
it's broken the neckline and live
Comment:
broke back down below neckline, but didn't close, it will go with BTC like so many other alts, which IMO is down