ANCOMLB

zek_khamzah Updated 

The recent daily candles shows that inverted cup and handle is in the making. Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2) If neck line is broken, next price will test strong support 0.27

zek_khamzah Updated 

It may takes a week or two for confirmation. If the daily candle break 0.39 support, the form will be broken and make the theory is invalid.