Hello traders 🐺.
in this idea I wanna to analysis TWT price , and as you already found in the title this could be very interesting for TWT bulls 🤑 ;
so let's start with the daily chart :
in the daily chart I realize very beautiful CUP and HANDLE pattern formation , but more interesting fact is that this coin have a very perfect handle , but why I say that ? 🤔
if you pay attention to the handle part of this pattern , you can see this is also very likely to the flag pattern ; this is reason why I say that .
also price already is above the weekly support structure ( red box ) , and formation of the triangle pattern over on the weekly support is very good sign , because the trend is bullish and this is bullish continuation triangle .
what is the price target for this pattern :
as you see in the above picture , if I use Fibonacci projection tool to measure the price target of the flag pattern and also the CUP and HANDLE pattern . you can see the technical target should be around 1.0 Fibonacci level ; which means if this triangle break to the upside , there is a very good possibility for about 90% or even more price pump .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my ideas🐺
in this idea I wanna to analysis TWT price , and as you already found in the title this could be very interesting for TWT bulls 🤑 ;
so let's start with the daily chart :
in the daily chart I realize very beautiful CUP and HANDLE pattern formation , but more interesting fact is that this coin have a very perfect handle , but why I say that ? 🤔
if you pay attention to the handle part of this pattern , you can see this is also very likely to the flag pattern ; this is reason why I say that .
also price already is above the weekly support structure ( red box ) , and formation of the triangle pattern over on the weekly support is very good sign , because the trend is bullish and this is bullish continuation triangle .
what is the price target for this pattern :
as you see in the above picture , if I use Fibonacci projection tool to measure the price target of the flag pattern and also the CUP and HANDLE pattern . you can see the technical target should be around 1.0 Fibonacci level ; which means if this triangle break to the upside , there is a very good possibility for about 90% or even more price pump .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my ideas🐺