This appears to be forming a cup and handle. I put it on the 4 hour to show the support levels on the way up. You could easily zoom out to the daily and see the pattern better. Would have to continue and show a break at the neckline and hold support on chart for validation. Please any comments would be great as I'm new to TA, thanks!
Trade active:
Neckline is slightly higher at the .0855 - .086 or so. Need to break this and go up for cup and handle, thanks
Comment:
Also, if BTC drops, this and most other coins are going with it. I guess it just depends on what BTC does overall, thanks
Comment:
Trying to establish support around .734, if not, headed down more than likely
Trade closed: stop reached:
As you can see we broke neckline to downside