- 4 hours frame, cup and handle pattern actives after breaking out 0.755
- Hidden divergence
- on Weekly frame, breaking out a falling trend
Target should be: 1.25
Main SL: 0.45
other SL: 0.63
The white box is a weekly & daily strong support, losing this support will lead us to the below prices so you can use it as a SL. The green lines are TP for Swing traders and blue for scalps.
SL: 0.8 for all. (Better 1day close)
Chain Guardians is one of many great crypto gaming projects. With so many bullish indicators along with a drop-dead gorgeous cup & handle chart setup, this token is set to spike in no time. I am filling bags with anything above $1.55. Happy trading.
This is not financial advice.
chain guardians analyses
CGG USDT
time frame daily - 4 Hours
we can see 2 harmonic pattern on CGG chart
1- cup & handle pattern
2- triangle pattern
price reached to all time high (ATH).
now we have 2 strategy:
1-LONG: break the ATH zone sharply or come down to green uptrend line then break the ATH
2- SHORT : fall down to first support zone because of 3 tops...
see and watch :)
The trendline has been broken and it seems that the price can reach the specified limits ... Of course, due to the bitcoin situation, the risk is high ...
ANALYSIS 🔎
- CGG/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetricaltriangle's inclined support.
- The market could bounce from this support zone if we have a relatively large buyers concentration.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the symmetrical triangle's...
We have a number of things to look at in this chart and it's all good.
1 - The cup and handle formation is very clear in this chart and once we reach the $2.15 stage of the handle, that's when the fireworks should kick off.
2. Using the fib extension tool I have set some short term targets all the way up to $12.83, and I think I am being conservative here.
3. I...
