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Vanilladelphia
Jan 25, 2018 2:58 AM

ETH/BTC Cup and handle formation Long

Ether / BitcoinCoinbase

Description

Here we have ETH/BTC on the daily candle chart. What I attempted to indicate here is the formation of the cup and handle formation. I believe the strong psychological resistance at .1 will cause the price to pull back, forming the "handle" and this could indicate a bullish continuation.
Comments
gillesjh73
I had the same idea today and found your post through a google search "ETH BTC cup and handle", what is your "best guess" of how low the handle will go? feel free to also send me a LinkedIn invite bit.ly/2BBwQll
Vanilladelphia
@gillesjh73, If i had to venture a guess of where it would bounce, i would say keep an eye on the .070 - .075, that looks to me like the next major support level. I dont have 100% confidence in this though, so take it with a grain of salt.
gillesjh73
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