I had originally formed this pattern as a Cup-and-Handle. As it turns out, it's a mirror cut-and-handle, also Inverse Head and Shoulders. The certainty of this pattern is much higher than my original observation which was very early hopeful predictions.
Lets see if this formulates more accurately than the previous hopeful pattern prediction.
Very short window to form a cup and handle pattern, but Crypto seems to do everything faster than traditional stocks.
Certainly the initial handle formation candle wicked down to 1/2 the depth of the cup, which is a good indicator.
This is what I love about this graphics, we can see
how far below its lowest initial price this crypto has fallen.
Now, just for fun and to have something to think about
I place those green flags only to imagine as something possible to
turn around this massive mountain into a real 40 X + recovery.
t.me
1 More higher high? the indicators i have suggest price is to rise, so either way should secure some good profits with this trade.
Join my free signal trading group! t.me
