fractal72

fractal72

Long: - Lower band of the local emerging channel - Lower band of BB - Previous local bottom - 50% Fib retracement from the last top - the volume in the last drop is not significant Short: - dominant bearish channel upper band - failed breakout from the dominant bearish channel - RSI is not oversold - RSI breaked down the lower band of the emerging RSI channel It...

fractal72

On Huobi 1D cup and handle is forming. Cup is about 16 weeks long, range 3758 - 5180. The finex hack down spike is not considered, staying on the conservative side for TP. Handle is just started to forming. About 30% retracement is done, within 4 weeks testing the top again. If volume confirms the breakout than the target price is about 6600Y/985USD.