Description
⋅ This is a classic pattern that shows up quite often at the bottom of a trend or before a reversal... The "cup pattern", the one marked in yellow.
When you look at this pattern on higher timeframes, it will show up as a fake breakdown, when prices move below support just to climb back up quickly.
This is a bullish pattern and the high volume and high RSI supports this notion.
Seeing this on the NKNBTC chart tells us that we are likely to experience higher prices soon.
Thanks a lot for reading.
Remember to hit LIKE for more.
Namaste.
Comment
⋅ Enjoy the profits.
It went beyond all targets.
Comment
⋅ TARGET:
1) 0.00000120 |Hit 8-Mar. (+20%)
2) 0.00000165 |Hit 9-Mar. (+65%)
3) 0.00000235 |Hit 9-Mar. (+135%)
4) 0.00000285 |Hit 12-Mar. (+185%)
5) 0.00000350 |Hit 12-Mar. (+250%)
6) 0.00000420 |Hit 12-Mar. (+320%)