texan0711

Cup and handle on the weekly

Long
texan0711 Updated   
BINANCE:IOTAUSD   IOTA
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Trade active:
We are still on track. When we get to 2,30$ - 2,70$ it will be fun to watch if we break through to get another confirmation for the pattern. I will take first profits at 10 $. The catalyst to around 25 $ could be the upcoming smart contract release in the next 4-8 weeks.
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