Okay. What do we have here?
Cup and Handle with corresponding volume spikes- Check!
Ascending Triangle which is actually the handle- Check!
Bullish Divergence in action- Check!
And it just broke out of the Bullish Chuashov Fork Breakout- Check!
Target 1- 1200ish sats (Ascending Triangle)
Target 2- 1600 ish sats (Cup and Handle Formation)
Another classic case of Cup and Handle Formation ( Volume curves corresponding to the candlestick curves ) Bull divergence in effect. I would wait for the breakout from the Chuashov Fork to make an entry. Target in the box . ;)
Waiting for the Chuashov Breakout (Yellow Line) Shouldn't take much time looking at the Bull Divergence (Blue Lines). Just bought my 3rd bag of the day @30515 sats. ;)
