Cup and handle forming or will we look for support around 8050?
Note
Didn't expect the trend to follow the C&H pattern (thought it would look for support lower) but it actually did pretty well!
If BTC finds enough momentum to break the resistance line at the indicated point, it might even have a good chance of finding new support at 9000! (indicated point is where 3 major resistance lines meet)
Note
Following the cup and handle projectory + taking the MACD and RSI into account, we might burst through the 9050 resistance!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.