Obviously the handle formation is a bit exaggerated by the recent BTC run, but we have the makings of a cup and handle formation.
RSI and Macd provide possible confirmation of possible reversal.
Pending orders will want to be placed at a break of the neckline indicated in red. First target noted by green line.
Market is very fickle right now, so take profits...
Just re-analysed VIB. At the moment it's in correctional phase, but if my analysis is correct, a major 1 wave is not far away. Then we are really talking about big numbers.
Current impulse wave is to finish the small embedded Cup.. expected consequent rise would complete the formation of a LARGE CUP and then to the moon! :D
