0X looking like a gdax candidate hopefully Coinbase after that
Cup and Handle forming on zrx/btc 4 h charts
Volume low as pattern consolidating just above left side cup and previous ATH
Right side of cup is formed and RSI is sittin on 55
Decision time...
Im stalking for new trend to establish
Trade active
⋅
Handle beginning to form nicely dipping below top of cup (green line)
Multiple limit oders set down handle to previous solid support near 16,000 sats
This is a large cup so handle may take time to fully establish
Comment
⋅
Still buying down the handle until volume increases here
Trade active
⋅
Comment
⋅
Bottom orange line is the halfway point of bowl If pattern dips below it will become invalidated The yellow and blue lines represent support areas Handle is still forming, could bounce off support to complete upward formation Looking for strong surge in volume to cross cup and handle target and initiate run
Comment
⋅
Comment
⋅
Will wait to see if support falls and bounces off 2nd support level in yellow.
Comment
⋅
A large green candle and massive bounce off yellow support has price near green ceiling.
A spinning candle on current 4 hr charts reveals indecision and im watching the next few hours to see if upward trend continues
If so the green ceiling could be shattered
If not downtrend will continue and potentially invalidate C&H.