The most anticipated Hard Fork has gone live, and the price action hasn't snapped the handle off just yet.
Price action is presently caught under the Ribbon on the 4-Hour Chart, but what's new? Minor uptrend lines are being challenged by the Bears Daily, but Bulls are in the mood for buying dips. Long Positions are still holding ground on Bitfinex.
We have a nice and stubborn Trading Range of $10 here with dump and dip buying on both sides. If this is a , it'll be set to boil over and up the handle, should it meet the requirements and validate: "The duration for the formation of a handle is usually from 1 week to several weeks. The handle should be considered reliable only when it is formed in the top half of the cup formed..."
Something to watch, and something to read:
Good Luck, Traders. May you find yourself on the profitable side of it!
See my posts on , as this pattern has yet to invalidate and is something to watch as well.