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Possible cup and handle forming on the weekly.

Atualizado

Just posting the pattern I'm seeing on the weekly. We have been forming the handle for the past few weeks. If we see a sudden movement upwards in the next couple weeks, coupled with a significant increase in volume, we can expect a target of above 9500 sats. The pattern in voided if the price can't break the previous high. The target is based on the depth of the cup.

This is not at all investment advice.

Nota

It's shaping up pretty nicely.

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Only concern I have is the low volume. But if this run keeps up, we should see a surge in volume creating a massive push up.

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Coming along BEAUTIFULLY! And volume seems to be picking up as well. The month of May is going to show some massive movements.

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I was a bit too aggressive on the handle when I charted. Check below chart as I have updated it to allow slight corrections along the way.

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Interestingly, my handle seems to be making its own handle. lol
The initial pattern is now voided, but keep an eye on the handle forming for what has now become the cup.

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Note that if this does complete the handle, target is updated to 7700sats.

lightmansam

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