In my previous post, I shared that a bullish cup and handle pattern is forming.
Based on the chart, the handle was formed and it hit the buy zone area. Now, what we are waiting for is a breakout from the previous peak at $0.09.
If we break the first resistance, we will test the major resistance line at $0.14.
If you buy at the buy zone and the price test the major resistance line, it is a potential 107% profit for you.
However, make sure to set a stop loss especially altcoins follow the movement of BTC.
Please like my analysis and hit the follow button if you learned something.
Happy Trading!
Please do your own charting and research.
Based on the chart, the handle was formed and it hit the buy zone area. Now, what we are waiting for is a breakout from the previous peak at $0.09.
If we break the first resistance, we will test the major resistance line at $0.14.
If you buy at the buy zone and the price test the major resistance line, it is a potential 107% profit for you.
However, make sure to set a stop loss especially altcoins follow the movement of BTC.
Please like my analysis and hit the follow button if you learned something.
Happy Trading!
Please do your own charting and research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.