Description
⋅ Very short window to form a cup and handle pattern, but Crypto seems to do everything faster than traditional stocks.
Certainly the initial handle formation candle wicked down to 1/2 the depth of the cup, which is a good indicator.
Comment
⋅ Small wick below but holding at 1/2 the cup this hour. Volume should decrease before we take off upward again.
Comment
⋅ Volume is decreasing at the bottom of the handle, further support for Cup and Handle.
Comment
⋅ Unfortunate, this did not pan out.
The candles are too far down the cup depth to be a cup and handle pattern.