spacemoose

XRP Cup 'n handle setup

Long
POLONIEX:XRPBTC   XRP / Bitcoin
Might work.
Order cancelled: Nope.

Comments

too soon
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The cup has no buying volume build-up before. If this was an inverse cup and handle (upsidedown) you would have seen a huge break downward.

If you look at the 15 minute chart, there that is a cup and handle formation. There is volume build up before the cup, then the bowl itself, and the handle after.


Rule the Note: Cup and Handle needs confirmation from buying volume before the cup, retesting from the handle, and large buying pressure to complete the pattern. It is a continuation pattern.
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cyberholz nlizotte
@nlizotte, That's what's lacking, buying volume.
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spacemoose cyberholz
@cyberholz, lacking market-wide unfortunately.
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cyberholz spacemoose
@spacemoose, Seems it's just a matter of time for charts / patterns to kick in again. Many weak hands burnt these days.
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your profile picture made me click it
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its working wtf wooooooooo
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double finger handle?
i think cup and handle should be applied on longer time frames
Reply
it will not work, it's a vague signal
Reply
spacemoose DangDao
@DangDao, we'll see soon.
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