CUP & HANDLE??
Glitch found that his lowest low was retested multiple times at 0.90, great support and a starting point for a new cycle.
Graphically GLCH gives the idea of wanting to complete a CUP & HANDLE pattern, at this moment it stopped with a strong impulse at level 1.43, a zone of strong resistance due to an intermediate cluster already tested at the beginning of November.
GLITCH was today one of the first to kick off a bullish day and if the market were to maintain a fairly positive trend I believe that this pattern can be completed even if not as aggressively as in the descent zone, reaching 1.65 and then unloading at 1.45 and using today's resistance as support, let's see ... this is the pattern I would like to see, if TOTAL and BTC.D help, GLCH has what it takes to pump another 20% this week.
Further confirmation could be given by the MA 30 that if we could break it and use it as a resistance it would be the top
Personally, I made a short trade with the 1.65 selling zone and in the event of a Sell a limit order at 1.45 has occurred, do not take this as advice absolutely but as my market hypothesis, make your evaluations. let's see what happens.
What do you think about it??
Graphically GLCH gives the idea of wanting to complete a CUP & HANDLE pattern, at this moment it stopped with a strong impulse at level 1.43, a zone of strong resistance due to an intermediate cluster already tested at the beginning of November.
GLITCH was today one of the first to kick off a bullish day and if the market were to maintain a fairly positive trend I believe that this pattern can be completed even if not as aggressively as in the descent zone, reaching 1.65 and then unloading at 1.45 and using today's resistance as support, let's see ... this is the pattern I would like to see, if TOTAL and BTC.D help, GLCH has what it takes to pump another 20% this week.
Further confirmation could be given by the MA 30 that if we could break it and use it as a resistance it would be the top
Personally, I made a short trade with the 1.65 selling zone and in the event of a Sell a limit order at 1.45 has occurred, do not take this as advice absolutely but as my market hypothesis, make your evaluations. let's see what happens.
What do you think about it??
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