L3gOnD

C&H about to breakout on QSP

Long
BINANCE:QSPBTC   Quantstamp / Bitcoin
QSP broke downtrend line and retested it perfectly while creating a handle in a cup and handle pattern. Usually the pattern is a continuation pattern of an uptrend but can sometimes be a reversal at the bottom. Looks ready to break out and volume is coming in. Target of C&H is cup bottom to neckline measured from break out and here that would put us at the 3k sat area. Again with many of "pattern trades" there must be confirmation. The neckline must be broken and it must be broken with volume . Insignificant volume would not qualify as a break like all breakout patterns.

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