I believe this is a textbook cup and handle. Perfectly drawn cup + handle followed the perfect Fibonacci retracement (0.618).
Entry price: 0.00035787 (above the resistance of the cup, buy on the breakout)
Target 1: 0.00049462 (right below the ATH)
Target 2: 0.00054597 (based on the reverse Fibonacci level of 1.618 that could play as a resistance)
Target 3: 0.00061222 (based on the cup and handle pattern target (height of the cup)
Remember, this is my opinion, nothing is concrete.
Do your own research. Only use this analysis to support your own.
Entry price: 0.00035787 (above the resistance of the cup, buy on the breakout)
Target 1: 0.00049462 (right below the ATH)
Target 2: 0.00054597 (based on the reverse Fibonacci level of 1.618 that could play as a resistance)
Target 3: 0.00061222 (based on the cup and handle pattern target (height of the cup)
Remember, this is my opinion, nothing is concrete.
Do your own research. Only use this analysis to support your own.
Comment:
Be careful, extremely bearish shooting star candle has formed in the daily. Large correction is to be expected if BTC/ETH start to rise.