THC USD Possible Bullish structures
It looks like THC has potentially 2 bullish structures in the make that could bring it back to previous resistance (+/- 100% up)
1) A possible cup of cannabis tea with handle
2) Possible inversed head and shoulders (less likely)
Cupoftea
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According to the chart, Investors have an incredible opportunity right now to make money on the BTC but they need to look for long term investment. When we talk about long term investment that means We must be able to wait 1 month or 2 months to see our goal reached by the market, It's also mean low leverage need to be used to protect our account. If they try to speculate on this they have more cI chance to lose money because speculation requests an accurate strategy that allows you to open at a specific price or moment and close at a specific profit.
Let's talk about the chart, the BTC builds us a CUP OF TEA I would say because it is the closest pattern that the chart looks like for me and I also notice this pattern in April 2020, so the question is what next?
How you can see the target for me is $35 000 but like said you need to use investor profil to reach this target.
Easy 200% Profits Cup and Handle Pattern $9500 Hello fellow money makers!
This is just a quick idea i saw on the 4 hour BINANCE:YFIIUSD . As you can see in the chart BINANCE:YFIIUSD seems to be forming a Cup and Handle pattern as well as showing a potential cross on the Stochastic RSI which supports the Cup and Handle idea for the Bulls. I will be waiting for the breakout of the handle with some volume showing and take a position around $5325-$5350 with a stop loss close by. We could see another small drop before the breakout of the handle however, I'm thinking we should stay above $4800 area and above if this pattern plays out.
I am keeping a tight stop loss on my position around $4750. Take Profits just below $9500. I am feeling pretty good about this one. The distance of the measured move from the bottom of the cup to the top of the handle would bring BINANCE:YFIIUSD to around $9500 USDT, which is a nice profit.
This is not financial advise, do your own diligence and research. Please leave a comment and tell me what you think!
Best wishes to the success of all your positions!