FETBTC pair is forming a perfectly bullish cup & handle pattern which has been formulating over a 7-month period.
1- Previous high of 1151 sat (18th August 2020) almost perfectly lines up with the recent high of 1540 sats (28th March 2021)
2- Usually, the cup spreads out over a period of 1-6 months or longer. In this case, the cup took 222 days (approx. 7.5 months) to form.
3- The handle plays out between 1-4 weeks before a breakout (or rejection) occurs. FETBTC has been in the handle consolidation pattern for 14 days and counting.
Personally favor the chances of a breakout and we could see a target up to 2450 sats if it breaks out of the handle!
1- Previous high of 1151 sat (18th August 2020) almost perfectly lines up with the recent high of 1540 sats (28th March 2021)
2- Usually, the cup spreads out over a period of 1-6 months or longer. In this case, the cup took 222 days (approx. 7.5 months) to form.
3- The handle plays out between 1-4 weeks before a breakout (or rejection) occurs. FETBTC has been in the handle consolidation pattern for 14 days and counting.
Personally favor the chances of a breakout and we could see a target up to 2450 sats if it breaks out of the handle!
Nota
Previous high of 1551*
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.