This cup and handle is the handle of a larger cup and handle (zoom out). I'm unsure how good of a stop loss this is technically. Target is approximate distance from bottom of cup to top right of cup added to 150 satoshi price, which happens to be the axis of a volatility funnel similar to a Hunt Volatility Funnel on the 1h timeframe. Beware: low liquidity shitcoin.
(Note: I'm a beginner at technical analysis. Comments welcome.) Hunt Volatility Funnel (HVF). Volatility decreasing recently. Breakout if price reaches 383 satoshi. Stop loss percentage is large, but still 4.88 Risk/Reward Ratio due to 53.52% target. Stop could probably be tightened to increase RRR as time goes on. EMC2/BTC is a very low liquidity market, so the ...
(Note: I'm a beginner at technical analysis. Comments welcome.) Hunt Volatility Funnel (HVF) on BTCUSD: three successive lower highs interspersed with three successive higher lows. Reasonable risk/reward due to tighter stop and buy signal. I published an idea for BTCUSDT on Poloniex, but BTCUSDT does not mirror exactly BTCUSD on Bitstamp (most volume).
(Note: I'm a beginner at technical analysis. Comments welcome.) Miniature Hunt Volatility Funnel? I don't think I'd call the upswing prior to this area an "existing trend" (which is necessary to classify as a legitimate Hunt Volatility Funnel). May be second leg of a larger inverted HVF on d1. Poor RRR.