DanDot

Potential Cup and handle and support levels

HITBTC:CHSBUSD   SwissBorg / US Dollar (calculated by TradingView)
After last nights drop we bounced off .5 retracement, with quite big volumn seems to be some good support there

Potential for cup and handle here, which i've noticed CHSB seems to love

If Trendline from 17th April is broken, i suspect we'll head down to re-test the support at 1.20 which is the top of what looks like a large accumulation from march until mid april

If the local resistance line breaks up, i expect we'll probably squeeze upwards until we confirm a breakout. Not convinced bulls are done yet, but wouldnt trade until we confirm direction of travel with a breakout and then checking for a re-test on a lower timeframe.

First time trying this....go gentle

Comments

We are ready to go
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Swissborg is ready for a big leg up.
$3 by the end of May min.
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