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DrDovetail

Cardano appears to be triggering a picture perfect cup & handle

Long
Cardano / Bitcoin (BITTREX:ADABTC)  
DrDovetail Updated   
BITTREX:ADABTC   Cardano / Bitcoin
Trend Analysis Chart Patterns Technical Indicators CUP AND handle cardano ADA ADABTC
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trendanalysis chartpattern indicator cup and handle cardano ada adabtc
of course there's always a possibility of a fakeout still but this break looks legit so far.
Comment:
we do need to see much more volume here on this breakout to prevent a fakeout though so I'm not completely sold on the cup and handle being triggered just yet but think probability favors a breakout confirmation.
Comment:
i'd say its best to wait for volume confirmation or if it goes back to test the cups rimline and solidifies that line as support by retesting it sveral times without flipping it to resistance then that is a good buy in zone.
Comment:
alas it appears as if it will end up a fakeout. thats not to so we couldnt retest breaking above the rimline again in the near future.
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