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. ;)
Revised Chart. Volume curve in yellow corresponding to the Cup is a perfect textbook example of how it should be in a Cup and Handle (Reference- Bulkowski Pattern)
Also, double bottom forming in the handle. KABOOM! Target remains the same.
Candles respecting the Penant so far. Bollinger Bands kinda compressed. Don't ignore the Bull Divergence (Reference- www.babypips.com)
Looks like NEO is going to raise some shit. Second bag of the day.;)