That's it ladies and gents, we formed a gigantic cup and handle on SUPER.
You can take a look at the black dotted line showing this pattern setup.
Recently, we broke out of the triangle it was trading in. Price jumped overnight from 0.96 to 1.1. Also, few days ago on the Daily time frame we crossed the MA 100, and currently the EMA 100 is @ 1.06, a very bullish setup as soon as we close one candle above 1.06! Now we wait for the re-test at 0.96, and then let it fly.
For long term holders, the targets are marked as the black horizontal lines, @ 1.475 and 2.15.
Expect strong resistance on the red line.
Blue is acting as support.
You can see this is forming an almost-parallel channel. Just sell off in bits as you hit the resistance lines, and buy in at the blue line.
For overnight bursts that may happen anytime based on unexpected news, the very short term sell orders would be 1.15 and 1.35
You can take a look at the black dotted line showing this pattern setup.
Recently, we broke out of the triangle it was trading in. Price jumped overnight from 0.96 to 1.1. Also, few days ago on the Daily time frame we crossed the MA 100, and currently the EMA 100 is @ 1.06, a very bullish setup as soon as we close one candle above 1.06! Now we wait for the re-test at 0.96, and then let it fly.
For long term holders, the targets are marked as the black horizontal lines, @ 1.475 and 2.15.
Expect strong resistance on the red line.
Blue is acting as support.
You can see this is forming an almost-parallel channel. Just sell off in bits as you hit the resistance lines, and buy in at the blue line.
For overnight bursts that may happen anytime based on unexpected news, the very short term sell orders would be 1.15 and 1.35
Comment:
Triangle retest happened, we are the top of the red channel now
