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Stone881
Nov 29, 2021 9:04 PM

Giant W pattern on the daily Long

Orchid / U. S. DollarKraken

Description

Looks like OTX could be playing out this pattern. If BTC can hold in here and stay at least range bound, this has a chance to work out.

Based on the W, price target of $1.60 - 1.75 looks feasible.

We may also see a Cup and Handle pattern play out in the course of this.

I love trading OTX and it has been holding up very well over the past weeks.

Comment

We'll have to turn up pretty soon if we are see this to play out. The cup and handle is still the highest probability at this time imo.
Comments
Echo_Variant
Who doesn't love a great pair...
Stone881
@Hbarbie, Haha, well that was the alternative formation identification, big ol' bitties, but I went politically correct this time!
SabahEquityResearch
Wonderful stuff
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