BITTREX:DGBBTC shaped Adam & Eve pattern
Adam shape comes as Cup & Handle pattern
Volume is not that high to confirm the pattern
Above the purple line will confirm the pattern
The Pattern sometimes lead to a new Cup&Handle Pattern
BITTREX:ARKBTC plays perfectly with Gann Fan
Previous dip can be a bear trap or "Spring" based on Wyckoff Market Cycle
Based on Historical Data and Gann Fan, we can set the target as 0.0030800 in the 2nd quarter of 2018
I'm just learning and wondering if this scenario is possible?
I counted 5 waves in the first bump in Daily chart
and DGB completed the correction wave (2) as Triangle and didn't exceed Wave (1) bottom
Shouldnt this lead to Wave (3) ?
Cup Pattern in the last stage. Waiting for the Handle to be completed
A Max Gartley shaped perfectly in the end of the Cup which might push to complete the Handle
Max Gartley Pattern Target between (1.6 - 1.8)
Cup/Handle Pattern Target is 2.1
It tested the resistance line above the trend several times with no luck to pass it.
MACD and Stoch indicators are bearish till now
Ripple probably will hit 0.16- 0.17
bouncing back is possible if it passes the triangle up