We're now in a cup and handle pattern in the hourly chart. This implies the possibility of a short term uptrend. We have a very clear diagonal resistance line in an ascending channel with a very strong possibility of a breakout within the next 2 days.
Elements to take into consideration:
This is a trading example and is not financial advice.
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Elements to take into consideration:
- Resistance line
Daily chart ascending channel
Cup and handle formation
Height of the cup
Stop loss below the handle
This is a trading example and is not financial advice.
More info on Bitwolf Capital Algorithmic Trading Hedge Fund
Website: www.bitwolfcapital.com/
Medium: medium.com/@bitwolfcapital
Telegram Group: t.me/BitwolfCapital
Telegram Announcement Channel: t.me/BitwolfCapitalChan
Facebook: www.facebook.com/BitwolfCapital
Twitter: twitter.com/BitwolfC
Instagram: www.instagram.com/bitwolfcapital/
Linked-in Company profile: www.linkedin.com/com...pany/bitwolf-capital