Formation of a CUP and Handle pattern on monthly chart will confirm breakout in next 2 to 3 months.
After Breakout looks good to hit 9494.
Disclaimar:-
Just a veiw for education purpose.
As per my study and analysis, I find this for education purposes only that its not any buy recommendation.
I found that the trend line resistance was broken and support was taken but at the same time the pattern formed seems to be a cup and handle pattern in charts which after break out would just burst to new highs with a time span
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Disclaimer - This is not...
high tight flag pattern then a breakout candle,
then a ranging stage observed as accumulation happening
by this accu. the upper resistant break of 222
may lead a faster upmove
220 entry and 8% target (papertrade only)
1.Formation of cup pattern
2.Volume of the stock is good
3.Strong resistance @274 once it break it will go till 281,285
lumaxtech recommended for btst trade
In my opinion, bitcoin will bottom out nearly at $1800 . Therere is still selling pressure around the market. The Market can is on capitulation and will turn to accumulation stage, which will help bulls to enter the market again for bigger gains. Once the bottom is reached the market will recover and go for a new high.
This is not financial advice but is my...
