Two formations here. First is the C&H formation with the handle currently forming. This gives us our 44% target.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
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And we have a clear breakout as soon as I posted this!
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First leg, flagging and leading to second leg. Still time to get in.
They have an announcement coming shortly, or it may have already happened.
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Higher blue line is QTUMBTC on Binance.. Pretty similar.
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Note: if this doesn't correct and I feel I'm losing, I'll look at getting back into BNB if it's returning to positive again. Or find something sideways like Litecoin and hold for the next trade or position.
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get out or HODL.. I'm not sure I can sleep on this one.
Trade closed: stop reached
Another crash and burn. That one hurt. I gained 30% over 12 hours, then lost 60%. Ouch. Back to the drawing board.
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