Reverse Cup and Handle is a rare formation (probably one I made up). But since 2003, I've seen them line up and they act just like a Cup and Handle. The price has officially, broken above Brim Price >200 - Bullish (Green background) RSI (through the roof) (Green background) Target $30,593 Bullish - Medium term
There is still a lot of recovery to take place int he crypto space, and anything can happen. I will be cautious with this one.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.