BCH has formed a cup & handle pattern.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.
The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.
This is 4 hour chart but on daily there is a strong...
Trading the breakout or after a breakout candle below the breakout level
All instructions are on the chart
I would recommand to set up alarms when the main levels are hit
Thank You
LUCKY
Hello Friends
As captioned in the title, the handle seems longer than usual but nevertheless, still a C&H pattern.
Details on this chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't...
NYSE:CGC
Very nice bullish signals here, especially with that flag formation, quasi Cup and Handle. I’m all about Cannabis stocks in 2019 for obvious reasons, considering the more liberal evolving regulatory environment paving the way. It’s all the Benjamins baby. I wonder if B. Franklin smoked cannabis.. Hmmmm.
Options i got my eyes on:
- July 19, 2019 $50,...
Looks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the...
Technicals:
Overstock is showing multiple bullish signals that can't be ignored.
Potential cup and handle.
Price above 20, 50, 100 and 200 SMA but not too high above.
RSI has found support near this area multiple times in recent past.
MACD is above zero line but might see a bearish crossover. This could provide opportunities for a good entry.
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