[Watch it] descending channel breakout: possible cup & handle ?
CAKE broke its consolidation channel and is now looking for a further test of resistance.
With a supportive Bitcoin it may achieve a Cup & handle.
With a supportive Bitcoin it may achieve a Cup & handle.
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Watch Bitcoin.
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Here is cake:
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Basically that's the cup and handle hyphothesis i mentioned in the OP:
It's trying tro breakout now.
It needs some volume and (especially) a collaborative Bitcoin.
If Bitcoin sinks any altcoin upward movement may be hindered.
This is a game you play on two tables.
It's trying tro breakout now.
It needs some volume and (especially) a collaborative Bitcoin.
If Bitcoin sinks any altcoin upward movement may be hindered.
This is a game you play on two tables.
Comment:
Nearing the (orange) target box across 1.618.
More than +40% since OP.
Nice.
More than +40% since OP.
Nice.
Trade closed: target reached:
Target achieved a couple days earlier than expected ( see the eorange box in the opening post ).
As usual from here onwards it's up to you.
Enough for the point of this analysis, closing.
As usual from here onwards it's up to you.
Enough for the point of this analysis, closing.
Don't take any risks under support as a H&S scenario may form there.