BTC LONG - CUP AND HANDLE 1H CHART
The 1-hour BTC chart has a cup and handle formation, which is generally interpreted as a bullish signal. The “cup” section showed a gradual rise following a deeper correction, while the “ear” appeared as a minor consolidation. If the price breaks the resistance level above the “ear”, it could signal a breakout.
Wait brakeout
Wait brakeout
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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.