graphreader

ADA-BTC Cup & Handle pattern?

BITTREX:ADABTC   Ada / Bitcoin
A cup & handle pattern seems to be taking form for ADA             .

One of the profit indicators for this pattern is measuring from the bottom of the cup to the breakout area of the handle and use it as a first target, which would be around the 78.6% fib level. Another levels to watch out are 100% and 161%.

Only get in the trade after the breakout confirmation. A stop loss could be places slightly below the lower candle of the breakout area.

I am NOT a professional trader. I've been learning on my own free time. Don't follow my ideas blindly, do your research and analysis!
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