gjmullen
Long

PPC Peercoin CUP & HANDLE

POLONIEX:PPCBTC   Peercoin / Bitcoin
looks like a decent cup and handle setting up for confirmation
@somanystreams what do you think of this as a C&H? I have never traded this coin, but it looks like a possible trade setup coming.
Reply
@gjmullen, yes over a very long timeline it seems to be forming a cup and handle but will need upward momentum now to confirm. Double tops can often turn into a bear swing, but any significant upward momentum that rises above the lid of the cup would definitely confirm this as a cup and handle. If you see it break above that resistance on the downward channel, it would be a good sign. :)
+1 Reply
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