Please see trade for information. Potential cup and handle pattern and breaking downtrend. Would trade after confirmation of the broken downtrend on re-test and for more conservative trade on break of neckline for cup and handle formation. Would love some feedback as I'm new to TA, thanks.
Note
Should slightly re-trace to test downward trendline. Also, if it break downward trendline and continues down, it looks like support around .32 - .33 with potential for inverse head and shoulders. I am only buying on downward trendline re-test and support, thanksNote
Almost at the neckline, already tested resistance there, get ready!Note
I would be going by daily, so we could be ranging for a while, it's not like this would happen in minutes or hours, but you never know. Last candle looks like it will retrace a bit on the daily.Note
Really this is an inverse head and shoulder/cup and handle, check out chiliz too, same things, both at neckline nowNote
it's broken the neckline and liveNote
broke back down below neckline, but didn't close, it will go with BTC like so many other alts, which IMO is down
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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.