Nervos network CKB/USDT - Cup and handle
Updated
From 8.4. 2020 to 9.7.2020 a cup pattern was formed on the daily CKB / USDT chart.
From 9.7.2020. the handle has begun to form, and the formation of "Cup and handle" can now be clearly seen.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. It can be seen that it is formed ascending triangle in the area of the handle.
Given the above and what the chart shows, a larger price shift can be expected in the coming days. 0.006 USDT represents the beginning of the cup formation and the upper resistance level in the formed asceding triangle in the handle area.
After breaking that resistance, the next resistance is at a price of 0.01 USDT.
This is my idea, not financial advice.
From 9.7.2020. the handle has begun to form, and the formation of "Cup and handle" can now be clearly seen.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. It can be seen that it is formed ascending triangle in the area of the handle.
Given the above and what the chart shows, a larger price shift can be expected in the coming days. 0.006 USDT represents the beginning of the cup formation and the upper resistance level in the formed asceding triangle in the handle area.
After breaking that resistance, the next resistance is at a price of 0.01 USDT.
This is my idea, not financial advice.
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