hey yall ,
as you see ATOM is making another cycle like before . a cup and handle . every time , after making the handle , it goes up to the resistance line . now it's the time !
you can see the similar patterns when making a handle in RSI as well . now how's the target 136 ?
First , it's exactly on 200% Fibonacci level ,
second , the target for a cup and handle pattern is that the price goes up from the handle as the exact distance from the depth of the cup to the neckline . I showed it with cyan arrows .
Third , it exactly fits the resistance line as well !
so the Entry zone is exactly above the handle , if it broke above the handle , then time to pump !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .
as you see ATOM is making another cycle like before . a cup and handle . every time , after making the handle , it goes up to the resistance line . now it's the time !
you can see the similar patterns when making a handle in RSI as well . now how's the target 136 ?
First , it's exactly on 200% Fibonacci level ,
second , the target for a cup and handle pattern is that the price goes up from the handle as the exact distance from the depth of the cup to the neckline . I showed it with cyan arrows .
Third , it exactly fits the resistance line as well !
so the Entry zone is exactly above the handle , if it broke above the handle , then time to pump !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .